https://www.taxtmi.com/caselaws?id=291279 The Tribunal ruled in favor of the Resolution Professional/Liquidator, allowing them to take possession of the Shed from the Applicant. The decision upheld the exclusive jurisdiction of the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC), emphasizing the RP's duty to control assets owned by the Corporate Applicant. The Tribunal considered the impact of pending civil suits on the Corporate Insolvency Resolution Process (CIRP) and concluded that the RP's claim for possession could proceed under the IBC due to the absence of restraint orders in the pending suits. en-us Thu, 12 Dec 2019 00:00:00 +0530 Tue, 03 Nov 2020 19:33:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291279 The Tribunal ruled in favor of the Resolution Professional/Liquidator, allowing them to take possession of the Shed from the Applicant. The decision upheld the exclusive jurisdiction of the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC), emphasizing the RP's duty to control assets owned by the Corporate Applicant. The Tribunal considered the impact of pending civil suits on the Corporate Insolvency Resolution Process (CIRP) and concluded that the RP's claim for possession could proceed under the IBC due to the absence of restraint orders in the pending suits. Case-Laws Insolvency and Bankruptcy Thu, 12 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291279