https://www.taxtmi.com/caselaws?id=308613 The Appellate Tribunal granted the appellant, representing the MSME Corporate Debtor, liberty to submit a compromise/arrangement scheme under Section 230 of the Companies Act to the Liquidator and Financial Creditors within one month. The process, including approval, was to be completed within three months. The Liquidator was directed to postpone the scheduled auction and could only proceed after the regulatory process was completed. The appeal was disposed of with these directions. en-us Mon, 31 Oct 2022 00:00:00 +0530 Sat, 08 Jul 2023 07:36:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308613 The Appellate Tribunal granted the appellant, representing the MSME Corporate Debtor, liberty to submit a compromise/arrangement scheme under Section 230 of the Companies Act to the Liquidator and Financial Creditors within one month. The process, including approval, was to be completed within three months. The Liquidator was directed to postpone the scheduled auction and could only proceed after the regulatory process was completed. The appeal was disposed of with these directions. Case-Laws Insolvency and Bankruptcy Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308613