The sale of secured assets is considered complete when the full payment has been received and the sale certificate has been issued, confirming the transfer of ownership to the purchaser (!) (!) . In statutory sales, such as those under the SARFAESI Act, the sale becomes absolute once the sale certificate is issued, even if the entire consideration has not yet been paid, provided that the parties' intentions support this transfer (!) (!) (!) .

During insolvency proceedings under the IBC, the completion of a sale is governed by the provisions of the Code, which override other laws. The sale is deemed finalized only when the full consideration is paid and the sale is formally confirmed through the issuance of a sale certificate (!) (!) (!) (!) (!) .

Partial payments made after the initiation of insolvency proceedings do not affect the validity of a sale that was properly conducted, as the key factors remain full payment and the issuance of the sale certificate, which signifies ownership transfer (!) (!) .

In summary, the sale is complete upon full payment and issuance of the sale certificate, which transfers ownership to the buyer. Once insolvency proceedings and the associated moratorium are in effect, further enforcement actions are barred, and the sale must follow the prescribed statutory procedures to be recognized as valid.