https://www.taxtmi.com/caselaws?id=414880 The Tribunal directed the matter to be remanded to the Adjudicating Authority to consider an admission application for the subsidiary and, if admitted, to consolidate the Corporate Insolvency Resolution Process (CIRP) of both the Corporate Debtor and its subsidiary. This consolidation would ensure that the combined assets, including the land, are considered together to provide fair relief to the creditors of the Corporate Debtor. The Tribunal emphasized the importance of piercing the corporate veil to expose fraudulent activities and ensure effective insolvency resolution. en-us Thu, 18 Nov 2021 00:00:00 +0530 Fri, 19 Nov 2021 09:19:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414880 The Tribunal directed the matter to be remanded to the Adjudicating Authority to consider an admission application for the subsidiary and, if admitted, to consolidate the Corporate Insolvency Resolution Process (CIRP) of both the Corporate Debtor and its subsidiary. This consolidation would ensure that the combined assets, including the land, are considered together to provide fair relief to the creditors of the Corporate Debtor. The Tribunal emphasized the importance of piercing the corporate veil to expose fraudulent activities and ensure effective insolvency resolution. Case-Laws Insolvency and Bankruptcy Thu, 18 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414880