https://www.taxtmi.com/caselaws?id=418926 The National Company Law Tribunal (NCLT) dismissed the appeal challenging the closure of the liquidation process of a company and the sale of the Corporate Debtor as a going concern without liabilities. The NCLT upheld the sale without previous liabilities, distributing proceeds to the Financial Creditor and denying payment to the Operational Creditor. The appeal was deemed without merit, and no costs were awarded. en-us Fri, 25 Feb 2022 00:00:00 +0530 Mon, 28 Feb 2022 08:32:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418926 The National Company Law Tribunal (NCLT) dismissed the appeal challenging the closure of the liquidation process of a company and the sale of the Corporate Debtor as a going concern without liabilities. The NCLT upheld the sale without previous liabilities, distributing proceeds to the Financial Creditor and denying payment to the Operational Creditor. The appeal was deemed without merit, and no costs were awarded. Case-Laws Insolvency and Bankruptcy Fri, 25 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418926