https://www.taxtmi.com/caselaws?id=418376 The tribunal dismissed the appeal, upholding the validity of the RP and CoC's actions under the IBC and CIRP Regulations. The sale of the BKC property was deemed permissible, and the prohibition under Section 14(1)(b) did not extend to the RP and CoC acting within their statutory powers. The tribunal emphasized the importance of preserving the Corporate Debtor's assets and maximizing their value during the CIRP. en-us Mon, 14 Feb 2022 00:00:00 +0530 Wed, 16 Feb 2022 08:12:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418376 The tribunal dismissed the appeal, upholding the validity of the RP and CoC's actions under the IBC and CIRP Regulations. The sale of the BKC property was deemed permissible, and the prohibition under Section 14(1)(b) did not extend to the RP and CoC acting within their statutory powers. The tribunal emphasized the importance of preserving the Corporate Debtor's assets and maximizing their value during the CIRP. Case-Laws Insolvency and Bankruptcy Mon, 14 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418376