https://www.taxtmi.com/caselaws?id=287424 The Appellate Tribunal allowed 'Liberty House Group Pte. Ltd.' to comply with the resolution plans of 'Adhunik Metaliks Ltd.' and 'Zion Steel Ltd.' by extending the compliance period. The appellant was directed to deposit specific amounts for each debtor and cover process costs, aiming to prevent liquidation and protect stakeholders' interests. The Tribunal emphasized the importance of timely financial commitments by resolution applicants to ensure successful resolution and avoid liquidation of corporate debtors. en-us Wed, 22 Jan 2020 00:00:00 +0530 Tue, 14 Apr 2020 11:11:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287424 The Appellate Tribunal allowed 'Liberty House Group Pte. Ltd.' to comply with the resolution plans of 'Adhunik Metaliks Ltd.' and 'Zion Steel Ltd.' by extending the compliance period. The appellant was directed to deposit specific amounts for each debtor and cover process costs, aiming to prevent liquidation and protect stakeholders' interests. The Tribunal emphasized the importance of timely financial commitments by resolution applicants to ensure successful resolution and avoid liquidation of corporate debtors. Case-Laws Insolvency and Bankruptcy Wed, 22 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287424