7.5 Cents Property Disclaimed Under Insolvency Code Still Included in Liquidation Estate; Affected Parties Considered Creditors.

7.5 Cents Property Disclaimed Under Insolvency Code Still Included in Liquidation Estate; Affected Parties Considered Creditors. https://www.taxtmi.com/highlights?id=47579 Declaration of the property as DISCLAIMED u/s Section 36(3)(c) and (h) of I&B Code - not owned by CD - it is essential that the property having onerous characteristics admeasuring 7.5 cents should form the part of the liquidation estate of the Company - as per Regulation 10 (5) of the Liquidation Regulations, the Respondents being affected by the disclaimer shall be deemed to be a creditor and maybe paid as a debt in liquidation u/s 53(l)(f). en-us Mon, 01 Jul 2019 07:27:28 +0530 Mon, 01 Jul 2019 07:27:28 +0530 TaxTMI RSS Generator 7.5 Cents Property Disclaimed Under Insolvency Code Still Included in Liquidation Estate; Affected Parties Considered Creditors. https://www.taxtmi.com/highlights?id=47579 Declaration of the property as DISCLAIMED u/s Section 36(3)(c) and (h) of I&B Code - not owned by CD - it is essential that the property having onerous characteristics admeasuring 7.5 cents should form the part of the liquidation estate of the Company - as per Regulation 10 (5) of the Liquidation Regulations, the Respondents being affected by the disclaimer shall be deemed to be a creditor and maybe paid as a debt in liquidation u/s 53(l)(f). Highlights Insolvency and Bankruptcy Mon, 01 Jul 2019 07:27:28 +0530 https://www.taxtmi.com/highlights?id=47579