https://www.taxtmi.com/caselaws?id=415241 The tribunal found in favor of the liquidator, ruling that the respondent violated the moratorium under Section 33(5) of the IBC by canceling the lease deed during the liquidation process. The cancellation of the allotment by RIICO was deemed invalid as it did not comply with the required rules. The tribunal directed the liquidator to pay pending dues to RIICO, who in turn must restore the property to the corporate debtor and facilitate its transfer to the successful bidder. Compliance with Section 32A(2) of the IBC was emphasized, and the applications were disposed of accordingly. en-us Thu, 18 Nov 2021 00:00:00 +0530 Wed, 01 Dec 2021 08:49:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415241 The tribunal found in favor of the liquidator, ruling that the respondent violated the moratorium under Section 33(5) of the IBC by canceling the lease deed during the liquidation process. The cancellation of the allotment by RIICO was deemed invalid as it did not comply with the required rules. The tribunal directed the liquidator to pay pending dues to RIICO, who in turn must restore the property to the corporate debtor and facilitate its transfer to the successful bidder. Compliance with Section 32A(2) of the IBC was emphasized, and the applications were disposed of accordingly. Case-Laws Insolvency and Bankruptcy Thu, 18 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415241