https://www.taxtmi.com/caselaws?id=295424 The Tribunal allowed the urgent hearing of Application IA/637/2020 under NCLT Rules 2016. Relief was sought under Section 60(5) of IBC, 2016 regarding a property auction. The dispute over an additional Maintenance Security Deposit was resolved, with the Applicant directed to pay the required amount. The Applicant was also instructed to pay the remaining bid amount and settle tax arrears within a specified timeline. Upon full payment, the Liquidator was mandated to execute the sale deed, hand over property possession, and settle tax arrears within specified timelines. en-us Tue, 08 Sep 2020 00:00:00 +0530 Thu, 03 Jun 2021 08:35:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295424 The Tribunal allowed the urgent hearing of Application IA/637/2020 under NCLT Rules 2016. Relief was sought under Section 60(5) of IBC, 2016 regarding a property auction. The dispute over an additional Maintenance Security Deposit was resolved, with the Applicant directed to pay the required amount. The Applicant was also instructed to pay the remaining bid amount and settle tax arrears within a specified timeline. Upon full payment, the Liquidator was mandated to execute the sale deed, hand over property possession, and settle tax arrears within specified timelines. Case-Laws Insolvency and Bankruptcy Tue, 08 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295424