https://www.taxtmi.com/caselaws?id=418161 The Tribunal ruled in favor of the applicant, the resolution professional, in a case concerning an alleged undervalued transaction and illegal possession of a property by the respondent. The respondent was directed to deposit the balance amount for the property sale within 15 days and comply with the sale agreement. Failure to do so would empower the liquidator to initiate a fresh sale of the property. The Tribunal concluded by disposing of the relevant motions in the insolvency matter. en-us Thu, 16 Dec 2021 00:00:00 +0530 Thu, 10 Feb 2022 08:54:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418161 The Tribunal ruled in favor of the applicant, the resolution professional, in a case concerning an alleged undervalued transaction and illegal possession of a property by the respondent. The respondent was directed to deposit the balance amount for the property sale within 15 days and comply with the sale agreement. Failure to do so would empower the liquidator to initiate a fresh sale of the property. The Tribunal concluded by disposing of the relevant motions in the insolvency matter. Case-Laws Insolvency and Bankruptcy Thu, 16 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418161