NCLAT: Can’t Set Aside Liquidation Order u/s 33 IBC When 3rd Party has Taken Possession of Property - (04 Apr 2025)
INSOLVENCY
NCLAT New Delhi bench has held that liquidation order passed under Section 33(2) of the Insolvency and Bankruptcy Code, 2016 cannot be set aside once the Successful Auction Purchaser has taken possession of the corporate debtor's property after sale conducted by liquidator.
Tags : NCLAT NEW DELHI LIQUIDATION ORDER POSSESSION OF PROPERTY
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