https://www.taxtmi.com/caselaws?id=305299 The National Company Law Appellate Tribunal (NCLAT) observed payments made by the Liquidator to nationalized public sector banks and required an undertaking for potential refunds. The senior counsel assured the court that the corporate debtor was being operated as a going concern. The Appeal was dismissed based on NCLAT's findings and the Liquidator's assurance, leading to the disposal of any pending applications. en-us Fri, 04 Mar 2022 00:00:00 +0530 Sun, 27 Nov 2022 20:36:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305299 The National Company Law Appellate Tribunal (NCLAT) observed payments made by the Liquidator to nationalized public sector banks and required an undertaking for potential refunds. The senior counsel assured the court that the corporate debtor was being operated as a going concern. The Appeal was dismissed based on NCLAT's findings and the Liquidator's assurance, leading to the disposal of any pending applications. Case-Laws Insolvency and Bankruptcy Fri, 04 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305299