https://www.taxtmi.com/caselaws?id=406616 The Tribunal dismissed both appeals, stating that the Appellant's scheme was not compliant with the resolution plan expectations under the IBC. It emphasized that pursuing Section 230 of the Companies Act during liquidation was unnecessary as it is not part of the IBC process. The interim orders from August 29, 2019, were withdrawn, and no costs were awarded in the appeals. en-us Tue, 13 Apr 2021 00:00:00 +0530 Mon, 19 Apr 2021 20:33:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406616 The Tribunal dismissed both appeals, stating that the Appellant's scheme was not compliant with the resolution plan expectations under the IBC. It emphasized that pursuing Section 230 of the Companies Act during liquidation was unnecessary as it is not part of the IBC process. The interim orders from August 29, 2019, were withdrawn, and no costs were awarded in the appeals. Case-Laws Insolvency and Bankruptcy Tue, 13 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406616