https://www.taxtmi.com/caselaws?id=403814 The Tribunal held that the advance payment made during the Corporate Insolvency Resolution Process (CIRP) for the purchase of goods to maintain the Corporate Debtor as a going concern should be treated as CIRP cost. The Liquidator was directed to decide on the claims within specific time frames and communicate reasons for rejection if any. Failure to comply would result in further actions by the Liquidator and referral to the appropriate authorities. The Appeals were disposed of with these directives. en-us Wed, 03 Feb 2021 00:00:00 +0530 Thu, 25 Nov 2021 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403814 The Tribunal held that the advance payment made during the Corporate Insolvency Resolution Process (CIRP) for the purchase of goods to maintain the Corporate Debtor as a going concern should be treated as CIRP cost. The Liquidator was directed to decide on the claims within specific time frames and communicate reasons for rejection if any. Failure to comply would result in further actions by the Liquidator and referral to the appropriate authorities. The Appeals were disposed of with these directives. Case-Laws Insolvency and Bankruptcy Wed, 03 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403814