https://www.taxtmi.com/caselaws?id=392559 The Tribunal condoned a minor delay in appealing due to late receipt of the order copy. Allegations of undervaluation by the Liquidator were dismissed, but certain respondents were directed to maximize asset value. Claims of bias against the Liquidator were rejected for lack of evidence. The Tribunal clarified that the Adjudicating Authority lacks jurisdiction over Resolution Professionals or Liquidators, directing grievances to the Insolvency and Bankruptcy Board of India. The appeal was dismissed as no evidence of undervaluation or loss was found, emphasizing the importance of timely appeals and evidentiary support for allegations. en-us Wed, 20 Nov 2019 00:00:00 +0530 Fri, 21 Feb 2020 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392559 The Tribunal condoned a minor delay in appealing due to late receipt of the order copy. Allegations of undervaluation by the Liquidator were dismissed, but certain respondents were directed to maximize asset value. Claims of bias against the Liquidator were rejected for lack of evidence. The Tribunal clarified that the Adjudicating Authority lacks jurisdiction over Resolution Professionals or Liquidators, directing grievances to the Insolvency and Bankruptcy Board of India. The appeal was dismissed as no evidence of undervaluation or loss was found, emphasizing the importance of timely appeals and evidentiary support for allegations. Case-Laws Companies Law Wed, 20 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392559