https://www.taxtmi.com/caselaws?id=291835 Electronic records, books of account and financial statements maintained through cloud storage were treated as information needed for liquidation, and the Tribunal held that officers and personnel of the corporate debtor had to cooperate with the liquidator and provide access to all relevant documents and data. It further stated that IT/cloud services formed essential services during insolvency, so suspension or erasure of data during moratorium was not justified without using the insolvency claims process. The respondents were directed to supply the requested data and information, including financial statements for the relevant years, within three weeks. en-us Mon, 04 Nov 2019 00:00:00 +0530 Thu, 26 Nov 2020 09:18:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291835 Electronic records, books of account and financial statements maintained through cloud storage were treated as information needed for liquidation, and the Tribunal held that officers and personnel of the corporate debtor had to cooperate with the liquidator and provide access to all relevant documents and data. It further stated that IT/cloud services formed essential services during insolvency, so suspension or erasure of data during moratorium was not justified without using the insolvency claims process. The respondents were directed to supply the requested data and information, including financial statements for the relevant years, within three weeks. Case-Laws Insolvency and Bankruptcy Mon, 04 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291835