https://www.taxtmi.com/caselaws?id=385822 A flat allottee is treated as a financial creditor under the Insolvency and Bankruptcy Code, 2016, by applying Section 5(7) and Section 5(8) together with the statutory explanation covering such allotments. In liquidation, revival-oriented measures must be explored before sale of the corporate debtor's assets: the liquidator should verify and consolidate claims, keep the company as a going concern, and consider a compromise or arrangement under Section 230 of the Companies Act, 2013. The framework is directed toward value maximisation and balancing stakeholder interests, while leaving the liquidation process otherwise intact. en-us Tue, 27 Aug 2019 00:00:00 +0530 Sat, 14 Sep 2019 10:27:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385822 A flat allottee is treated as a financial creditor under the Insolvency and Bankruptcy Code, 2016, by applying Section 5(7) and Section 5(8) together with the statutory explanation covering such allotments. In liquidation, revival-oriented measures must be explored before sale of the corporate debtor's assets: the liquidator should verify and consolidate claims, keep the company as a going concern, and consider a compromise or arrangement under Section 230 of the Companies Act, 2013. The framework is directed toward value maximisation and balancing stakeholder interests, while leaving the liquidation process otherwise intact. Case-Laws Insolvency and Bankruptcy Tue, 27 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385822