https://www.taxtmi.com/caselaws?id=306884 The appeals challenging the order allowing the liquidation process and sale of assets of the 'Corporate Debtor' were dismissed. The Tribunal found that the Liquidator had followed all necessary steps, including issuing public announcements and extending deadlines, to sell the company as a 'going concern'. Despite efforts to attract compliant schemes and proposals, no viable options were received within the stipulated time frame. The Tribunal granted an extension to continue attempts to sell the company as a 'going concern' to achieve beneficial liquidation and maximize asset value. en-us Sat, 18 Dec 2021 00:00:00 +0530 Fri, 03 Mar 2023 22:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306884 The appeals challenging the order allowing the liquidation process and sale of assets of the 'Corporate Debtor' were dismissed. The Tribunal found that the Liquidator had followed all necessary steps, including issuing public announcements and extending deadlines, to sell the company as a 'going concern'. Despite efforts to attract compliant schemes and proposals, no viable options were received within the stipulated time frame. The Tribunal granted an extension to continue attempts to sell the company as a 'going concern' to achieve beneficial liquidation and maximize asset value. Case-Laws Insolvency and Bankruptcy Sat, 18 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306884