https://www.taxtmi.com/caselaws?id=414694 The application seeking distribution of cash balance among stakeholders was rejected by the Tribunal as premature since the Corporate Debtor was still operational. The Tribunal emphasized maximizing the Corporate Debtor's asset value before any distribution. The Liquidator was directed to submit progress reports, revise stakeholder lists, and complete the liquidation process promptly. The case was disposed of accordingly. en-us Wed, 10 Nov 2021 00:00:00 +0530 Mon, 15 Nov 2021 09:08:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414694 The application seeking distribution of cash balance among stakeholders was rejected by the Tribunal as premature since the Corporate Debtor was still operational. The Tribunal emphasized maximizing the Corporate Debtor's asset value before any distribution. The Liquidator was directed to submit progress reports, revise stakeholder lists, and complete the liquidation process promptly. The case was disposed of accordingly. Case-Laws Insolvency and Bankruptcy Wed, 10 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414694