https://www.taxtmi.com/caselaws?id=399568 The Tribunal granted the application for liquidation, appointing Mr. Nitin Hasmukhlal Parikh as the Liquidator for the Corporate Debtor. However, following objections from creditors regarding the RP's conduct, the Tribunal directed the Committee of Creditors to reassess the appointment and requested the Insolvency and Bankruptcy Board of India to propose alternative candidates for the Liquidator role. Transparency and fairness in the liquidation process were emphasized, aligning with principles established by the Supreme Court in similar cases. en-us Fri, 29 May 2020 00:00:00 +0530 Wed, 14 Oct 2020 11:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399568 The Tribunal granted the application for liquidation, appointing Mr. Nitin Hasmukhlal Parikh as the Liquidator for the Corporate Debtor. However, following objections from creditors regarding the RP's conduct, the Tribunal directed the Committee of Creditors to reassess the appointment and requested the Insolvency and Bankruptcy Board of India to propose alternative candidates for the Liquidator role. Transparency and fairness in the liquidation process were emphasized, aligning with principles established by the Supreme Court in similar cases. Case-Laws Insolvency and Bankruptcy Fri, 29 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399568