https://www.taxtmi.com/caselaws?id=383323 The Tribunal granted the interlocutory application, directing the Liquidator to request changing the power supply category from High Transmission to Low Transmission for the Corporate Debtor, an Iron and Steel manufacturer under liquidation. Acknowledging the ceased operations, the Tribunal found the HT power line unnecessary and instructed the Liquidator to initiate the process with the power distribution company. The decision aimed at cost-effectiveness by aligning power supply with the current operational status, ensuring efficient asset management during liquidation. en-us Wed, 08 May 2019 00:00:00 +0530 Mon, 22 Jul 2019 06:20:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383323 The Tribunal granted the interlocutory application, directing the Liquidator to request changing the power supply category from High Transmission to Low Transmission for the Corporate Debtor, an Iron and Steel manufacturer under liquidation. Acknowledging the ceased operations, the Tribunal found the HT power line unnecessary and instructed the Liquidator to initiate the process with the power distribution company. The decision aimed at cost-effectiveness by aligning power supply with the current operational status, ensuring efficient asset management during liquidation. Case-Laws Insolvency and Bankruptcy Wed, 08 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383323