https://www.taxtmi.com/caselaws?id=311030 The Tribunal ordered the closure of the liquidation proceedings for the Corporate Debtor, M/s. ICSA (India) Limited, under Regulation 45(3)(a) of the IBBI (Liquidation Process) Regulations, 2016. The Liquidator successfully realized and distributed funds from asset sales, including land and a vehicle, among stakeholders per the Insolvency and Bankruptcy Code. The Corporate Debtor was sold as a going concern, and the Liquidator was relieved of further responsibilities. Directions were given to inform relevant authorities and update records, concluding the liquidation process. en-us Tue, 07 Feb 2023 00:00:00 +0530 Mon, 04 Dec 2023 21:17:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311030 The Tribunal ordered the closure of the liquidation proceedings for the Corporate Debtor, M/s. ICSA (India) Limited, under Regulation 45(3)(a) of the IBBI (Liquidation Process) Regulations, 2016. The Liquidator successfully realized and distributed funds from asset sales, including land and a vehicle, among stakeholders per the Insolvency and Bankruptcy Code. The Corporate Debtor was sold as a going concern, and the Liquidator was relieved of further responsibilities. Directions were given to inform relevant authorities and update records, concluding the liquidation process. Case-Laws Insolvency and Bankruptcy Tue, 07 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311030