https://www.taxtmi.com/caselaws?id=382813 During liquidation under the Insolvency and Bankruptcy Code, 2016, the liquidator must verify, admit or reject claims by reasoned order, and communicate that decision to creditors, with the statutory remedy available to an aggrieved creditor. The liquidation process is also expected to preserve revival prospects rather than move straight to sale of assets. Before selling the corporate debtor's assets, the liquidator must first explore a compromise or arrangement under Section 230 of the Companies Act, 2013, and the Tribunal may consider a viable proposal if it supports revival, value maximisation and stakeholder protection. en-us Wed, 22 May 2019 00:00:00 +0530 Thu, 11 Jul 2019 06:14:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382813 During liquidation under the Insolvency and Bankruptcy Code, 2016, the liquidator must verify, admit or reject claims by reasoned order, and communicate that decision to creditors, with the statutory remedy available to an aggrieved creditor. The liquidation process is also expected to preserve revival prospects rather than move straight to sale of assets. Before selling the corporate debtor's assets, the liquidator must first explore a compromise or arrangement under Section 230 of the Companies Act, 2013, and the Tribunal may consider a viable proposal if it supports revival, value maximisation and stakeholder protection. Case-Laws Insolvency and Bankruptcy Wed, 22 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382813