https://www.taxtmi.com/caselaws?id=400487 The Adjudicating Authority dismissed the application under Section 60(5) of the IB Code, 2016 seeking to set aside the retraction of the resolution for remuneration approval. The Authority noted the necessity for Committee of Creditors' approval for Central Government remuneration approval, which was not obtained before the Corporate Debtor went into liquidation. The Applicant was directed to seek relief from the Liquidator regarding remuneration approval, bringing an end to the legal proceedings in this matter at the National Company Law Tribunal, Hyderabad Bench. en-us Thu, 30 Jul 2020 00:00:00 +0530 Mon, 09 Nov 2020 13:44:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400487 The Adjudicating Authority dismissed the application under Section 60(5) of the IB Code, 2016 seeking to set aside the retraction of the resolution for remuneration approval. The Authority noted the necessity for Committee of Creditors' approval for Central Government remuneration approval, which was not obtained before the Corporate Debtor went into liquidation. The Applicant was directed to seek relief from the Liquidator regarding remuneration approval, bringing an end to the legal proceedings in this matter at the National Company Law Tribunal, Hyderabad Bench. Case-Laws Insolvency and Bankruptcy Thu, 30 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400487