https://www.taxtmi.com/caselaws?id=404604 The Appellate Tribunal allowed the appeal filed by Union Bank of India, setting aside the Adjudicating Authority's order directing the bank not to take coercive steps regarding properties mortgaged by the appellant companies. The Tribunal emphasized that exclusive securities not forming part of the liquidation estate should be excluded from such actions, in accordance with statutory provisions and precedents excluding subsidiary assets from the liquidation estate. en-us Thu, 25 Feb 2021 00:00:00 +0530 Fri, 26 Feb 2021 09:43:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404604 The Appellate Tribunal allowed the appeal filed by Union Bank of India, setting aside the Adjudicating Authority's order directing the bank not to take coercive steps regarding properties mortgaged by the appellant companies. The Tribunal emphasized that exclusive securities not forming part of the liquidation estate should be excluded from such actions, in accordance with statutory provisions and precedents excluding subsidiary assets from the liquidation estate. Case-Laws Insolvency and Bankruptcy Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404604