NCLT Indore allows Bhaskar Prakashan's application for clean slate reliefs following its Rs 47 crore acquisition of Sandhya Prakash Ltd as a going concern in liquidation.
Tribunal extinguishes all pre-28.02.2025 liabilities and claims against corporate debtor, upholding clean slate principle established by Supreme Court precedent.
Order grants immunity from past statutory dues, discharges all encumbrances, and permits continued use of corporate debtor's existing statutory registrations.
Liquidator directed to update corporate status from 'Under Liquidation' to 'Active' and hand over all records to successful bidder within 15 days.