https://www.taxtmi.com/caselaws?id=424907 The Tribunal granted the application under Section 60(5) of the IBC, 2016, directing the respondents to update revenue records and conduct demarcation of the subject property in a liquidation case. The discrepancies in land measurements required clarification for the accurate sale of assets, aligning with the Liquidator's duties to manage and protect the corporate debtor's assets. The order aimed to ensure compliance with the law and facilitate the effective liquidation process by ascertaining ownership rights and updating records for proper asset management. en-us Thu, 07 Jul 2022 00:00:00 +0530 Tue, 12 Jul 2022 09:13:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424907 The Tribunal granted the application under Section 60(5) of the IBC, 2016, directing the respondents to update revenue records and conduct demarcation of the subject property in a liquidation case. The discrepancies in land measurements required clarification for the accurate sale of assets, aligning with the Liquidator's duties to manage and protect the corporate debtor's assets. The order aimed to ensure compliance with the law and facilitate the effective liquidation process by ascertaining ownership rights and updating records for proper asset management. Case-Laws Insolvency and Bankruptcy Thu, 07 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424907