https://www.taxtmi.com/caselaws?id=397591 The Adjudicating Authority ruled in favor of a third party intervenor, determining that the raw material/stock in question did not belong to the Corporate Debtor but to the intervenor. The Authority directed the urgent return of the asset to the intervenor and required reimbursement of pre-CIRP costs. The Appellant's claim for release of goods was partially rejected by the Resolution Professional due to outstanding dues and expenses, with the Authority upholding the RP's decision and emphasizing the need for the Appellant to clear dues before the return of goods. en-us Tue, 04 Feb 2020 00:00:00 +0530 Mon, 24 Aug 2020 11:15:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397591 The Adjudicating Authority ruled in favor of a third party intervenor, determining that the raw material/stock in question did not belong to the Corporate Debtor but to the intervenor. The Authority directed the urgent return of the asset to the intervenor and required reimbursement of pre-CIRP costs. The Appellant's claim for release of goods was partially rejected by the Resolution Professional due to outstanding dues and expenses, with the Authority upholding the RP's decision and emphasizing the need for the Appellant to clear dues before the return of goods. Case-Laws Insolvency and Bankruptcy Tue, 04 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397591