https://www.taxtmi.com/caselaws?id=313281 The NCLAT directed the appellant to allow the liquidator to inspect records of two subsidiary companies to trace documents related to the corporate debtor. The tribunal clarified that while the resolution professional/liquidator could obtain authenticated photocopies of relevant documents from subsidiary companies, they had no jurisdiction to take over any assets or original documents of the subsidiaries. The court partially set aside and modified the lower tribunal's order dated 26th April 2018, specifically removing observations made against the appellant. The appeal was disposed of with these modifications. en-us Thu, 06 Dec 2018 00:00:00 +0530 Thu, 04 Apr 2024 19:17:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313281 The NCLAT directed the appellant to allow the liquidator to inspect records of two subsidiary companies to trace documents related to the corporate debtor. The tribunal clarified that while the resolution professional/liquidator could obtain authenticated photocopies of relevant documents from subsidiary companies, they had no jurisdiction to take over any assets or original documents of the subsidiaries. The court partially set aside and modified the lower tribunal's order dated 26th April 2018, specifically removing observations made against the appellant. The appeal was disposed of with these modifications. Case-Laws Insolvency and Bankruptcy Thu, 06 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313281