https://www.taxtmi.com/caselaws?id=407697 The Tribunal allowed the liquidator to withdraw the application seeking clarification of previous orders but imposed a penalty of Rs. 50,000 to be paid to the PM-CARES Fund within two weeks. The decision aimed to prevent the NCLAT appeal from being impacted while addressing the liquidator's procedural error in filing a new application after initiating the appeal process. The Tribunal's ruling balanced the need for justice with the consequence of the liquidator's actions, ensuring fairness and adherence to legal procedures. en-us Tue, 11 May 2021 00:00:00 +0530 Wed, 19 May 2021 08:38:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407697 The Tribunal allowed the liquidator to withdraw the application seeking clarification of previous orders but imposed a penalty of Rs. 50,000 to be paid to the PM-CARES Fund within two weeks. The decision aimed to prevent the NCLAT appeal from being impacted while addressing the liquidator's procedural error in filing a new application after initiating the appeal process. The Tribunal's ruling balanced the need for justice with the consequence of the liquidator's actions, ensuring fairness and adherence to legal procedures. Case-Laws Insolvency and Bankruptcy Tue, 11 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407697