https://www.taxtmi.com/caselaws?id=413981 The Tribunal granted the Liquidator's application for an extension of time for the liquidation process by one year, excluding the lockdown period. The decision was based on pending avoidance applications, unsold assets of the Corporate Debtor, and complications involving former Directors and a bank lien. The Liquidator was instructed to diligently finalize the liquidation within the extended period, following prescribed timelines and regulations, with a strict directive not to seek further extensions. en-us Mon, 04 Oct 2021 00:00:00 +0530 Tue, 26 Oct 2021 09:00:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413981 The Tribunal granted the Liquidator's application for an extension of time for the liquidation process by one year, excluding the lockdown period. The decision was based on pending avoidance applications, unsold assets of the Corporate Debtor, and complications involving former Directors and a bank lien. The Liquidator was instructed to diligently finalize the liquidation within the extended period, following prescribed timelines and regulations, with a strict directive not to seek further extensions. Case-Laws Insolvency and Bankruptcy Mon, 04 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413981