https://www.taxtmi.com/caselaws?id=401447 The Tribunal addressed issues stemming from a failed resolution plan, disputes over share sales by the Liquidator, and alleged contract violations. An application under the Insolvency and Bankruptcy Code led to the Corporate Debtor's liquidation due to CoC meeting outcomes. The applicant contested the sale of shares, citing Joint Sector Agreement breaches, seeking to nullify an EoI invitation. The Liquidator defended the sale, emphasizing efficient share disposal. The Tribunal granted an interim stay on share sales pending further hearings, directing parties to submit affidavits for continued consideration. The judgment aims to ensure a fair liquidation process amid complexities and disputes. en-us Fri, 04 Sep 2020 00:00:00 +0530 Tue, 08 Dec 2020 11:03:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401447 The Tribunal addressed issues stemming from a failed resolution plan, disputes over share sales by the Liquidator, and alleged contract violations. An application under the Insolvency and Bankruptcy Code led to the Corporate Debtor's liquidation due to CoC meeting outcomes. The applicant contested the sale of shares, citing Joint Sector Agreement breaches, seeking to nullify an EoI invitation. The Liquidator defended the sale, emphasizing efficient share disposal. The Tribunal granted an interim stay on share sales pending further hearings, directing parties to submit affidavits for continued consideration. The judgment aims to ensure a fair liquidation process amid complexities and disputes. Case-Laws Insolvency and Bankruptcy Fri, 04 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401447