https://www.taxtmi.com/caselaws?id=417894 The Tribunal reaffirmed its decision to include mortgaged leasehold lands into the Liquidation Estate, emphasizing the importance of maximizing asset realization for stakeholders. Secured creditors supported the Liquidator's application, with objections from Personal Guarantors dismissed. The Tribunal asserted its jurisdiction to include mortgaged properties under the Insolvency and Bankruptcy Code, highlighting the duty to settle creditor claims comprehensively. The order directed the handover of properties to the Liquidator for proper inclusion in the estate, ensuring a fair and efficient liquidation process. en-us Fri, 21 Jan 2022 00:00:00 +0530 Fri, 04 Feb 2022 07:00:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417894 The Tribunal reaffirmed its decision to include mortgaged leasehold lands into the Liquidation Estate, emphasizing the importance of maximizing asset realization for stakeholders. Secured creditors supported the Liquidator's application, with objections from Personal Guarantors dismissed. The Tribunal asserted its jurisdiction to include mortgaged properties under the Insolvency and Bankruptcy Code, highlighting the duty to settle creditor claims comprehensively. The order directed the handover of properties to the Liquidator for proper inclusion in the estate, ensuring a fair and efficient liquidation process. Case-Laws Insolvency and Bankruptcy Fri, 21 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417894