https://www.taxtmi.com/caselaws?id=402074 The National Company Law Appellate Tribunal disposed of the Appeal without interference with the Impugned Order. The rejection of applications seeking directions under the Insolvency and Bankruptcy Code was upheld due to the Managing Director's demonstrated willingness to cooperate with the Liquidator. The Tribunal clarified that the Managing Director's commitment to cooperation rendered the Appeal infructuous, emphasizing the importance of ongoing cooperation between the parties. Adverse comments against the Liquidator in the Impugned Order were deemed part of the examination process, with the Liquidator granted the opportunity to address concerns regarding the progress of the liquidation proceedings. en-us Fri, 18 Dec 2020 00:00:00 +0530 Wed, 23 Dec 2020 15:08:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402074 The National Company Law Appellate Tribunal disposed of the Appeal without interference with the Impugned Order. The rejection of applications seeking directions under the Insolvency and Bankruptcy Code was upheld due to the Managing Director's demonstrated willingness to cooperate with the Liquidator. The Tribunal clarified that the Managing Director's commitment to cooperation rendered the Appeal infructuous, emphasizing the importance of ongoing cooperation between the parties. Adverse comments against the Liquidator in the Impugned Order were deemed part of the examination process, with the Liquidator granted the opportunity to address concerns regarding the progress of the liquidation proceedings. Case-Laws Insolvency and Bankruptcy Fri, 18 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402074