https://www.taxtmi.com/caselaws?id=408454 The tribunal granted the applicant, a government-controlled corporation, an 8-week extension to consider the liquidator's offer for shares at a fair value. The delay was due to the model code of conduct during elections, hindering policy decisions. The tribunal emphasized no further delays, allowing the liquidator to proceed with the sale if the decision-making process exceeded the specified period. The decision aimed to balance fair consideration with the urgency of the liquidation process, respecting legal requirements and statutory objectives. en-us Wed, 02 Jun 2021 00:00:00 +0530 Fri, 11 Jun 2021 08:48:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408454 The tribunal granted the applicant, a government-controlled corporation, an 8-week extension to consider the liquidator's offer for shares at a fair value. The delay was due to the model code of conduct during elections, hindering policy decisions. The tribunal emphasized no further delays, allowing the liquidator to proceed with the sale if the decision-making process exceeded the specified period. The decision aimed to balance fair consideration with the urgency of the liquidation process, respecting legal requirements and statutory objectives. Case-Laws Insolvency and Bankruptcy Wed, 02 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408454