https://www.taxtmi.com/caselaws?id=433160 The Tribunal dismissed the appeal, upholding the Adjudicating Authority's decision to direct the Appellant to hand over assets to the Liquidator and pay the liquidation cost. The Tribunal emphasized the importance of timely realization of assets under the Insolvency and Bankruptcy Code, 2016, and rejected the Appellant's request for an extension to sell security interest. The appeal was deemed devoid of merits, leading to the closure of connected applications for stay and exemption. en-us Fri, 20 Jan 2023 00:00:00 +0530 Mon, 23 Jan 2023 08:44:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433160 The Tribunal dismissed the appeal, upholding the Adjudicating Authority's decision to direct the Appellant to hand over assets to the Liquidator and pay the liquidation cost. The Tribunal emphasized the importance of timely realization of assets under the Insolvency and Bankruptcy Code, 2016, and rejected the Appellant's request for an extension to sell security interest. The appeal was deemed devoid of merits, leading to the closure of connected applications for stay and exemption. Case-Laws Insolvency and Bankruptcy Fri, 20 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433160