https://www.taxtmi.com/caselaws?id=416508 The vehicle was treated as part of the corporate debtor's liquidation estate because the registration records, loan documents, hypothecation entry and liquidation records all supported ownership linkage to the debtor. The Tribunal also held that a secured creditor who files a claim in liquidation must proceed under the statutory liquidation framework to realise security interest, rather than outside it, and must bear the insolvency resolution process costs and related liquidation expenses as contemplated by the Code. The prescribed liquidation procedure was therefore to be followed for verification, realisation and distribution of the respondent's claim. en-us Tue, 21 Dec 2021 00:00:00 +0530 Fri, 31 Dec 2021 08:52:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416508 The vehicle was treated as part of the corporate debtor's liquidation estate because the registration records, loan documents, hypothecation entry and liquidation records all supported ownership linkage to the debtor. The Tribunal also held that a secured creditor who files a claim in liquidation must proceed under the statutory liquidation framework to realise security interest, rather than outside it, and must bear the insolvency resolution process costs and related liquidation expenses as contemplated by the Code. The prescribed liquidation procedure was therefore to be followed for verification, realisation and distribution of the respondent's claim. Case-Laws Insolvency and Bankruptcy Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416508