https://www.taxtmi.com/caselaws?id=398003 The Tribunal dismissed the Appellant's possession claim based on a letter lacking a formal agreement, stating possession does not confer ownership rights in liquidation. It upheld the direction preventing disturbance of the Liquidator's possession but deemed quashing the Civil Suit improper, advising the Liquidator to seek redressal through legal channels. The Liquidator's claim for rent or mesne profits was rejected, clarifying it does not establish property rights. The Tribunal modified the arrest directive, instructing the Police to take lawful action and partly allowing the Appeal by setting aside the Civil Suit quashing, allowing the Liquidator to seek relief through appropriate courts. en-us Tue, 01 Sep 2020 00:00:00 +0530 Fri, 04 Sep 2020 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398003 The Tribunal dismissed the Appellant's possession claim based on a letter lacking a formal agreement, stating possession does not confer ownership rights in liquidation. It upheld the direction preventing disturbance of the Liquidator's possession but deemed quashing the Civil Suit improper, advising the Liquidator to seek redressal through legal channels. The Liquidator's claim for rent or mesne profits was rejected, clarifying it does not establish property rights. The Tribunal modified the arrest directive, instructing the Police to take lawful action and partly allowing the Appeal by setting aside the Civil Suit quashing, allowing the Liquidator to seek relief through appropriate courts. Case-Laws Insolvency and Bankruptcy Tue, 01 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398003