https://www.taxtmi.com/caselaws?id=408591 The Tribunal ruled in favor of the Applicant, directing the Respondents to hand over the vehicles to the IRP. The decision emphasized adherence to the provisions of the Insolvency and Bankruptcy Code during the Corporate Insolvency Resolution Process, ensuring proper management and protection of the Corporate Debtor's assets. Respondents were granted the opportunity to file claims for dues before the RP, highlighting procedural fairness and legal compliance. The judgment underscored upholding insolvency law principles and the IBC framework for effective resolution of corporate insolvency cases, without costs to the Applicant. en-us Tue, 20 Apr 2021 00:00:00 +0530 Wed, 16 Jun 2021 10:36:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408591 The Tribunal ruled in favor of the Applicant, directing the Respondents to hand over the vehicles to the IRP. The decision emphasized adherence to the provisions of the Insolvency and Bankruptcy Code during the Corporate Insolvency Resolution Process, ensuring proper management and protection of the Corporate Debtor's assets. Respondents were granted the opportunity to file claims for dues before the RP, highlighting procedural fairness and legal compliance. The judgment underscored upholding insolvency law principles and the IBC framework for effective resolution of corporate insolvency cases, without costs to the Applicant. Case-Laws Insolvency and Bankruptcy Tue, 20 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408591