https://www.taxtmi.com/caselaws?id=303325 The Tribunal rejected the applications seeking direction for the Respondent to extend cooperation to the Liquidator and restraining the Respondent from leaving the country. The Tribunal found the claims of non-cooperation by the Respondent to be untenable, emphasizing the legal obligation of Directors and Managing Directors to cooperate under the Insolvency and Bankruptcy Code. Additionally, the Tribunal noted that the relief sought fell under criminal jurisdiction, not within its inherent powers, leading to the rejection of the applications with no costs awarded. en-us Wed, 16 Sep 2020 00:00:00 +0530 Thu, 14 Jul 2022 08:54:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303325 The Tribunal rejected the applications seeking direction for the Respondent to extend cooperation to the Liquidator and restraining the Respondent from leaving the country. The Tribunal found the claims of non-cooperation by the Respondent to be untenable, emphasizing the legal obligation of Directors and Managing Directors to cooperate under the Insolvency and Bankruptcy Code. Additionally, the Tribunal noted that the relief sought fell under criminal jurisdiction, not within its inherent powers, leading to the rejection of the applications with no costs awarded. Case-Laws Insolvency and Bankruptcy Wed, 16 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303325