https://www.taxtmi.com/caselaws?id=429737 The Appellate Tribunal upheld the Adjudicating Authority's decision to exclude a 15-month period from the calculation of the liquidator's fee. The delay in the liquidation process was attributed to SIDBI's non-cooperation and misinterpretation of regulations, rather than the liquidator's actions. The Tribunal found the liquidator had diligently followed regulations and IBC provisions, while SIDBI's failure to comply significantly contributed to the delay. Consequently, the appeal was dismissed, and no costs were awarded. en-us Wed, 02 Nov 2022 00:00:00 +0530 Fri, 04 Nov 2022 08:51:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429737 The Appellate Tribunal upheld the Adjudicating Authority's decision to exclude a 15-month period from the calculation of the liquidator's fee. The delay in the liquidation process was attributed to SIDBI's non-cooperation and misinterpretation of regulations, rather than the liquidator's actions. The Tribunal found the liquidator had diligently followed regulations and IBC provisions, while SIDBI's failure to comply significantly contributed to the delay. Consequently, the appeal was dismissed, and no costs were awarded. Case-Laws Insolvency and Bankruptcy Wed, 02 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429737