https://www.taxtmi.com/caselaws?id=406506 The note concerns whether a liquidator may modify the stakeholder list to include late-filed financial claims under the liquidation regulations, and it records the Tribunal's view that such claims may be considered in the interest of justice if eligible, while no further claims are entertained. It also stresses that liquidation must be completed within the statutory timeline, with the liquidator convening the stakeholders' consultation committee, distributing assets in accordance with the priority waterfall, and filing for dissolution under Section 54. Any unclaimed proceeds or undistributed assets must be transferred to the Companies Liquidation Account before dissolution. en-us Mon, 08 Feb 2021 00:00:00 +0530 Fri, 16 Apr 2021 08:55:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406506 The note concerns whether a liquidator may modify the stakeholder list to include late-filed financial claims under the liquidation regulations, and it records the Tribunal's view that such claims may be considered in the interest of justice if eligible, while no further claims are entertained. It also stresses that liquidation must be completed within the statutory timeline, with the liquidator convening the stakeholders' consultation committee, distributing assets in accordance with the priority waterfall, and filing for dissolution under Section 54. Any unclaimed proceeds or undistributed assets must be transferred to the Companies Liquidation Account before dissolution. Case-Laws Insolvency and Bankruptcy Mon, 08 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406506