https://www.taxtmi.com/caselaws?id=398244 The Tribunal partially allowed the application, approving the private sale of the Corporate Debtor's assets to R.C. Plasto for Rs. 15,00,00,000. The Tribunal directed the liquidator to distribute the proceeds following Section 53 of the Insolvency and Bankruptcy Code, 2016. It emphasized the need for the liquidator to submit a comprehensive application detailing the distribution of proceeds, including costs and laborer payments, to adhere to statutory requirements. en-us Fri, 21 Aug 2020 00:00:00 +0530 Thu, 10 Sep 2020 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398244 The Tribunal partially allowed the application, approving the private sale of the Corporate Debtor's assets to R.C. Plasto for Rs. 15,00,00,000. The Tribunal directed the liquidator to distribute the proceeds following Section 53 of the Insolvency and Bankruptcy Code, 2016. It emphasized the need for the liquidator to submit a comprehensive application detailing the distribution of proceeds, including costs and laborer payments, to adhere to statutory requirements. Case-Laws Insolvency and Bankruptcy Fri, 21 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398244