https://www.taxtmi.com/caselaws?id=309197 The National Company Law Appellate Tribunal dismissed the appeal against an Impugned Order related to arbitration proceedings involving a Corporate Debtor in liquidation. The Liquidator's discretion in deciding whether to defend legal proceedings was recognized, and it was held that the Liquidator could choose not to participate in arbitration proceedings. The Tribunal found that the Liquidator's decision not to defend the arbitration proceedings was valid, leading to the dismissal of the appeal at the admission stage due to lack of merit. No costs were awarded in the judgment. en-us Mon, 24 Feb 2020 00:00:00 +0530 Thu, 17 Aug 2023 07:45:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309197 The National Company Law Appellate Tribunal dismissed the appeal against an Impugned Order related to arbitration proceedings involving a Corporate Debtor in liquidation. The Liquidator's discretion in deciding whether to defend legal proceedings was recognized, and it was held that the Liquidator could choose not to participate in arbitration proceedings. The Tribunal found that the Liquidator's decision not to defend the arbitration proceedings was valid, leading to the dismissal of the appeal at the admission stage due to lack of merit. No costs were awarded in the judgment. Case-Laws Insolvency and Bankruptcy Mon, 24 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309197