https://www.taxtmi.com/caselaws?id=302091 The Tribunal granted the applicant's request to realize its security interest and exclude its mortgaged assets from the liquidation process. The applicant was permitted to exit the liquidation estate upon clearing proportionate Corporate Insolvency Resolution Process costs and reimbursing expenses for securing a vessel. The Tribunal held that the applicant was liable to bear all expenses incurred by the liquidator in safeguarding its charge, emphasizing that such expenses were separate from liquidation costs. en-us Thu, 06 Feb 2020 00:00:00 +0530 Wed, 04 May 2022 20:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302091 The Tribunal granted the applicant's request to realize its security interest and exclude its mortgaged assets from the liquidation process. The applicant was permitted to exit the liquidation estate upon clearing proportionate Corporate Insolvency Resolution Process costs and reimbursing expenses for securing a vessel. The Tribunal held that the applicant was liable to bear all expenses incurred by the liquidator in safeguarding its charge, emphasizing that such expenses were separate from liquidation costs. Case-Laws Insolvency and Bankruptcy Thu, 06 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302091