https://www.taxtmi.com/caselaws?id=393913 Where liquidation proceedings require prior approval before the liquidator institutes litigation, the Adjudicating Authority may, in an appropriate case, grant ex post facto leave and regularise the proceeding through inherent jurisdiction. The Tribunal treated the approval requirement as procedural, held that subsequent permission was not barred, and relied on the need to advance the objectives of liquidation and maximise the corporate debtor's asset value. Ex post facto leave was therefore granted, and the liquidator was permitted to proceed with the section 34 applications. en-us Thu, 16 Jan 2020 00:00:00 +0530 Wed, 06 May 2020 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393913 Where liquidation proceedings require prior approval before the liquidator institutes litigation, the Adjudicating Authority may, in an appropriate case, grant ex post facto leave and regularise the proceeding through inherent jurisdiction. The Tribunal treated the approval requirement as procedural, held that subsequent permission was not barred, and relied on the need to advance the objectives of liquidation and maximise the corporate debtor's asset value. Ex post facto leave was therefore granted, and the liquidator was permitted to proceed with the section 34 applications. Case-Laws Insolvency and Bankruptcy Thu, 16 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393913