https://www.taxtmi.com/caselaws?id=412445 Pre-liquidation dues against the corporate debtor had to be pursued through the liquidation process, and could not be used to block transfer after a completed liquidation sale. The Tribunal held that disputes connected with the corporate debtor and liquidation fell within its jurisdiction, and that inconsistent claims under other laws yield to the insolvency regime. Accordingly, the society could not withhold NOC, assert a lien, or impose an encumbrance on the bona fide auction purchaser for unpaid past dues; the transfer of shares and issuance of NOC were directed, with the society left to file its claim in liquidation. en-us Tue, 03 Aug 2021 00:00:00 +0530 Sat, 18 Sep 2021 08:09:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412445 Pre-liquidation dues against the corporate debtor had to be pursued through the liquidation process, and could not be used to block transfer after a completed liquidation sale. The Tribunal held that disputes connected with the corporate debtor and liquidation fell within its jurisdiction, and that inconsistent claims under other laws yield to the insolvency regime. Accordingly, the society could not withhold NOC, assert a lien, or impose an encumbrance on the bona fide auction purchaser for unpaid past dues; the transfer of shares and issuance of NOC were directed, with the society left to file its claim in liquidation. Case-Laws Insolvency and Bankruptcy Tue, 03 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412445