https://www.taxtmi.com/caselaws?id=285441 The Tribunal upheld the legality of the sale process of Nicco House, finding that the Liquidator followed prescribed procedures, including obtaining valuations and conducting public auctions. Compliance with the Insolvency and Bankruptcy Code and relevant regulations was confirmed. Allegations of undervaluation and private arrangements were dismissed, with the sale deemed transparent. Claims of unauthorized construction and lack of building plans were rejected. The rights and interests of tenants/occupants were preserved, with the sale not impacting their occupation rights. The applications challenging the sale were dismissed, and parties were directed to bear their own costs. en-us Tue, 25 Jun 2019 00:00:00 +0530 Sat, 11 Jan 2020 16:55:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285441 The Tribunal upheld the legality of the sale process of Nicco House, finding that the Liquidator followed prescribed procedures, including obtaining valuations and conducting public auctions. Compliance with the Insolvency and Bankruptcy Code and relevant regulations was confirmed. Allegations of undervaluation and private arrangements were dismissed, with the sale deemed transparent. Claims of unauthorized construction and lack of building plans were rejected. The rights and interests of tenants/occupants were preserved, with the sale not impacting their occupation rights. The applications challenging the sale were dismissed, and parties were directed to bear their own costs. Case-Laws Insolvency and Bankruptcy Tue, 25 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285441