Case Law Analysis
|Bombay High Court
Securitisation Act vs IBC Moratorium | Auction Purchaser Rights Trump Post-Certificate IBC Proceedings : Bombay HC
Bombay HC rules that initiation of IBC proceedings after issuance of a sale certificate under the Securitisation Act cannot invoke moratorium to stall possession by auction purchasers. The court condemns chronic defaulters' misuse of IBC to delay enforcement, affirming secured creditors' and purchasers' rights to proceed with asset takeover.