https://www.taxtmi.com/caselaws?id=416552 The Tribunal ruled in favor of the Liquidator, directing the Respondent, a secured creditor, to relinquish security interest in an Audi Q8 and include the asset in the Liquidation Estate. Despite the Respondent's arguments, the Tribunal invoked Section 52 of the IBC and Regulation 21A of Liquidation Process Regulations, finding the Respondent in non-compliance for not paying required amounts within the specified timeframe. Consequently, the Audi Q8 was ordered to be part of the liquidation estate, and the Respondent was instructed to surrender possession to the Liquidator promptly. en-us Tue, 21 Dec 2021 00:00:00 +0530 Thu, 30 Dec 2021 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416552 The Tribunal ruled in favor of the Liquidator, directing the Respondent, a secured creditor, to relinquish security interest in an Audi Q8 and include the asset in the Liquidation Estate. Despite the Respondent's arguments, the Tribunal invoked Section 52 of the IBC and Regulation 21A of Liquidation Process Regulations, finding the Respondent in non-compliance for not paying required amounts within the specified timeframe. Consequently, the Audi Q8 was ordered to be part of the liquidation estate, and the Respondent was instructed to surrender possession to the Liquidator promptly. Case-Laws Insolvency and Bankruptcy Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416552