https://www.taxtmi.com/caselaws?id=447489 NCLAT Principal Bench affirmed the Adjudicating Authority's order directing issuance of fresh Form G after properties worth approximately Rs.3 crores were added to Corporate Debtor's assets during CIRP process under HC Delhi orders. The tribunal agreed that since property value exceeded the Resolution Applicant's plan value, fresh Form G was justified to inform interested parties of increased corporate value. NCLAT disposed of the appeal while directing completion of entire resolution process within three months and confirming appellant's right to submit fresh Expression of Interest. en-us Thu, 21 Dec 2023 00:00:00 +0530 Thu, 28 Dec 2023 08:42:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447489 NCLAT Principal Bench affirmed the Adjudicating Authority's order directing issuance of fresh Form G after properties worth approximately Rs.3 crores were added to Corporate Debtor's assets during CIRP process under HC Delhi orders. The tribunal agreed that since property value exceeded the Resolution Applicant's plan value, fresh Form G was justified to inform interested parties of increased corporate value. NCLAT disposed of the appeal while directing completion of entire resolution process within three months and confirming appellant's right to submit fresh Expression of Interest. Case-Laws Insolvency and Bankruptcy Thu, 21 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447489