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IBC - Highlights / Catch Notes

Home Highlights September 2023 Year 2023 This

CIRP - Transfer of property under auction - status of "charge" ...

Insolvency and Bankruptcy

September 29, 2023

CIRP - Transfer of property under auction - status of "charge" created on the property - Right and liability of the purchaser of property - Even otherwise as per Section 100 of the Transfer of Property Act, a charge cannot be enforced against any property in the hands of a person to whom such property has been transferred for consideration and without notice of such charge. The State moved in to get a charge registered on 15.12.2022 much later. - HC

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