https://www.taxtmi.com/caselaws?id=423701 The Tribunal partially allowed the Appeal, adjusting the interest rate to the RBI base rate for lending to banks plus a 2% margin, subject to a limit of 12% per annum, for the delay period. The Tribunal emphasized the responsibility of the Resolution Professional and the Monitoring Committee to assist the Resolution Applicant in resolving issues related to attachments, liens, charges, and encumbrances on the assets of the Corporate Debtor. The Tribunal reiterated that the Resolution Applicant should not be held liable for any prior statutory dues or claims and should receive the assets free from any encumbrances. en-us Fri, 10 Jun 2022 00:00:00 +0530 Sat, 11 Jun 2022 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423701 The Tribunal partially allowed the Appeal, adjusting the interest rate to the RBI base rate for lending to banks plus a 2% margin, subject to a limit of 12% per annum, for the delay period. The Tribunal emphasized the responsibility of the Resolution Professional and the Monitoring Committee to assist the Resolution Applicant in resolving issues related to attachments, liens, charges, and encumbrances on the assets of the Corporate Debtor. The Tribunal reiterated that the Resolution Applicant should not be held liable for any prior statutory dues or claims and should receive the assets free from any encumbrances. Case-Laws Insolvency and Bankruptcy Fri, 10 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423701