https://www.taxtmi.com/caselaws?id=393561 The judgment clarified that restrictions on selling assets to ineligible persons apply to both the liquidator and secured creditors opting out of liquidation. It emphasized upholding the objectives of the Insolvency and Bankruptcy Code, maximizing asset value, and protecting public interest. The decision centered on interpreting provisions regarding secured creditors' rights, the liquidator's restrictions on asset sales, and enforcing security interests to recover debts. en-us Mon, 18 Nov 2019 00:00:00 +0530 Thu, 19 Mar 2020 10:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393561 The judgment clarified that restrictions on selling assets to ineligible persons apply to both the liquidator and secured creditors opting out of liquidation. It emphasized upholding the objectives of the Insolvency and Bankruptcy Code, maximizing asset value, and protecting public interest. The decision centered on interpreting provisions regarding secured creditors' rights, the liquidator's restrictions on asset sales, and enforcing security interests to recover debts. Case-Laws Insolvency and Bankruptcy Mon, 18 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393561