https://www.taxtmi.com/caselaws?id=399418 The Tribunal approved the Liquidator's request to enforce settlement terms in pending Commercial Suits under the Insolvency and Bankruptcy Code. The Liquidator was directed to proceed with necessary legal steps for the benefit of the Corporate Debtor, enhancing its liquidation value. The Tribunal deemed enforcement of settlement terms as essential and falling under the category of "other legal proceedings" permitted during liquidation. By allowing the enforcement, the Tribunal aimed to realize benefits for the Corporate Debtor during the ongoing liquidation proceedings before the Bombay High Court. en-us Wed, 07 Oct 2020 00:00:00 +0530 Sat, 10 Oct 2020 12:06:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399418 The Tribunal approved the Liquidator's request to enforce settlement terms in pending Commercial Suits under the Insolvency and Bankruptcy Code. The Liquidator was directed to proceed with necessary legal steps for the benefit of the Corporate Debtor, enhancing its liquidation value. The Tribunal deemed enforcement of settlement terms as essential and falling under the category of "other legal proceedings" permitted during liquidation. By allowing the enforcement, the Tribunal aimed to realize benefits for the Corporate Debtor during the ongoing liquidation proceedings before the Bombay High Court. Case-Laws Insolvency and Bankruptcy Wed, 07 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399418