https://www.taxtmi.com/caselaws?id=390663 The Tribunal held that the appellant could not be considered a secured creditor and rejected the claim of lien/charge. The liquidator's approach in issuing the sale certificate before deciding the appellant's claim was deemed incorrect. Despite inconsistencies in the auction process, cancellation was not feasible as assets had been dismantled and sold. The liquidator was directed to allow the lifting of goods after notifying the appellant. Other contentions were dismissed, and the cases were disposed of with no costs awarded. en-us Fri, 13 Dec 2019 00:00:00 +0530 Wed, 08 Jan 2020 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390663 The Tribunal held that the appellant could not be considered a secured creditor and rejected the claim of lien/charge. The liquidator's approach in issuing the sale certificate before deciding the appellant's claim was deemed incorrect. Despite inconsistencies in the auction process, cancellation was not feasible as assets had been dismantled and sold. The liquidator was directed to allow the lifting of goods after notifying the appellant. Other contentions were dismissed, and the cases were disposed of with no costs awarded. Case-Laws Insolvency and Bankruptcy Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390663