https://www.taxtmi.com/caselaws?id=301268 The Appellate Tribunal allowed the withdrawal of applications to implead 'Gujarat Urja Vikas Nigam Limited' due to changes in subsidiary status. It refrained from deciding on the takeover of companies and restraining disposal of assets, advising the applicant to inform the Board of Directors. The Tribunal declined to direct the applicant's inclusion in the creditors' meeting, citing unclear status. Regarding the Concession Agreement termination, the Tribunal directed the appellant to inform the Board of Directors of 'ILFS' about the Resolution Plan and the importance of continuing the agreement. The Board was instructed to consider the matter in line with the law and previous orders. en-us Wed, 23 Oct 2019 00:00:00 +0530 Thu, 24 Mar 2022 09:20:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301268 The Appellate Tribunal allowed the withdrawal of applications to implead 'Gujarat Urja Vikas Nigam Limited' due to changes in subsidiary status. It refrained from deciding on the takeover of companies and restraining disposal of assets, advising the applicant to inform the Board of Directors. The Tribunal declined to direct the applicant's inclusion in the creditors' meeting, citing unclear status. Regarding the Concession Agreement termination, the Tribunal directed the appellant to inform the Board of Directors of 'ILFS' about the Resolution Plan and the importance of continuing the agreement. The Board was instructed to consider the matter in line with the law and previous orders. Case-Laws Companies Law Wed, 23 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301268