https://www.taxtmi.com/caselaws?id=426079 The Tribunal directed financial creditors to pay remaining liquidation costs if the value falls short, aligning with IBBI regulations. It emphasized proper asset valuation, even when assets seem unrealizable, for transparency. Financial creditors, including institutions, are responsible for exceeding liquidation costs. The Tribunal stressed the importance of the Liquidator's accountability, cost management, and communication with creditors. en-us Thu, 21 Jul 2022 00:00:00 +0530 Sat, 06 Aug 2022 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426079 The Tribunal directed financial creditors to pay remaining liquidation costs if the value falls short, aligning with IBBI regulations. It emphasized proper asset valuation, even when assets seem unrealizable, for transparency. Financial creditors, including institutions, are responsible for exceeding liquidation costs. The Tribunal stressed the importance of the Liquidator's accountability, cost management, and communication with creditors. Case-Laws Insolvency and Bankruptcy Thu, 21 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426079