https://www.taxtmi.com/caselaws?id=419238 The Tribunal granted a six-month extension to the liquidation process of the Corporate Debtor due to challenges in finding buyers for unsold assets. The liquidator faced obstacles in selling assets and was permitted to distribute unsold assets among stakeholders based on the priority order in the Code. Stakeholders were directed to pay fees to the liquidator as per regulations, allowing the liquidator to receive fees from the distribution of unsold assets. The Tribunal approved the distribution of assets among stakeholders and granted the requested extension to the liquidation process period. en-us Mon, 21 Feb 2022 00:00:00 +0530 Mon, 07 Mar 2022 08:42:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419238 The Tribunal granted a six-month extension to the liquidation process of the Corporate Debtor due to challenges in finding buyers for unsold assets. The liquidator faced obstacles in selling assets and was permitted to distribute unsold assets among stakeholders based on the priority order in the Code. Stakeholders were directed to pay fees to the liquidator as per regulations, allowing the liquidator to receive fees from the distribution of unsold assets. The Tribunal approved the distribution of assets among stakeholders and granted the requested extension to the liquidation process period. Case-Laws Insolvency and Bankruptcy Mon, 21 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419238