https://www.taxtmi.com/caselaws?id=448381 NCLAT Chennai dismissed an appeal challenging NCLT's order for fresh asset valuation in a corporate debtor's liquidation. The tribunal held that IBC 2016 and Companies Act 2013 should be interpreted harmoniously. Key issues included liquidator's zero valuation of Rayagada property and failure to include it in Asset Memorandum. NCLAT ruled the appeal non-maintainable as the appellant bidder was not a stakeholder under IBC and thus not an aggrieved party. The tribunal upheld NCLT's direction for fresh valuation per Regulation 35(2) and subsequent scheme invitations under Section 230 of Companies Act. en-us Tue, 16 Jan 2024 00:00:00 +0530 Wed, 17 Jan 2024 23:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448381 NCLAT Chennai dismissed an appeal challenging NCLT's order for fresh asset valuation in a corporate debtor's liquidation. The tribunal held that IBC 2016 and Companies Act 2013 should be interpreted harmoniously. Key issues included liquidator's zero valuation of Rayagada property and failure to include it in Asset Memorandum. NCLAT ruled the appeal non-maintainable as the appellant bidder was not a stakeholder under IBC and thus not an aggrieved party. The tribunal upheld NCLT's direction for fresh valuation per Regulation 35(2) and subsequent scheme invitations under Section 230 of Companies Act. Case-Laws Insolvency and Bankruptcy Tue, 16 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448381