https://www.taxtmi.com/caselaws?id=398880 The Tribunal directed CoC members to pay outstanding CIRP expenses and liquidation costs promptly. IFCI's status as a Financial Creditor was disputed, leading to a directive to deposit the disputed amount in an interest-bearing account pending resolution. The Tribunal noted the Liquidator's bypassing of the SCC but provided guidance for future proceedings. The respondents were given 15 days to pay, and IFCI was directed to deposit the disputed amount. The Tribunal's decision aimed at facilitating the resolution of financial obligations in the insolvency process. en-us Wed, 05 Aug 2020 00:00:00 +0530 Sat, 26 Sep 2020 11:41:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398880 The Tribunal directed CoC members to pay outstanding CIRP expenses and liquidation costs promptly. IFCI's status as a Financial Creditor was disputed, leading to a directive to deposit the disputed amount in an interest-bearing account pending resolution. The Tribunal noted the Liquidator's bypassing of the SCC but provided guidance for future proceedings. The respondents were given 15 days to pay, and IFCI was directed to deposit the disputed amount. The Tribunal's decision aimed at facilitating the resolution of financial obligations in the insolvency process. Case-Laws Insolvency and Bankruptcy Wed, 05 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398880