https://www.taxtmi.com/caselaws?id=403762 The Tribunal allowed the application, directing both Respondents to hand over the physical possession of the mortgaged leasehold land to the Applicant for use as the Liquidation Estate of the Corporate Debtor. The Applicant was permitted to include the mortgaged land in the Liquidation Estate. The Liquidator was instructed to adhere to the prescribed procedures for taking over the property, with implementation required within two weeks. The Tribunal emphasized that all claims would be considered and payments made in accordance with regulations/rules to protect the interests of the Respondents. en-us Mon, 01 Feb 2021 00:00:00 +0530 Mon, 08 Feb 2021 14:06:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403762 The Tribunal allowed the application, directing both Respondents to hand over the physical possession of the mortgaged leasehold land to the Applicant for use as the Liquidation Estate of the Corporate Debtor. The Applicant was permitted to include the mortgaged land in the Liquidation Estate. The Liquidator was instructed to adhere to the prescribed procedures for taking over the property, with implementation required within two weeks. The Tribunal emphasized that all claims would be considered and payments made in accordance with regulations/rules to protect the interests of the Respondents. Case-Laws Insolvency and Bankruptcy Mon, 01 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403762