https://www.taxtmi.com/caselaws?id=752925 NCLAT held that the liquidator's fees should be calculated based on 211 days of liquidation process, not 174 days as determined by the lower court. The Adjudicating Authority erred by excluding the 37-day period from 03.10.2021 to 08.11.2021 during which IAs were being adjudicated, rather than excluding only the period when the e-auction was actually stayed. The court clarified that exclusions should apply to periods when proceedings are stayed, not during mere adjudication of stay applications. The Stakeholders Consultation Committee was directed to recompute and pay the liquidator's fees based on the corrected 211-day period. en-us Mon, 01 Apr 2024 00:00:00 +0530 Tue, 21 May 2024 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752925 NCLAT held that the liquidator's fees should be calculated based on 211 days of liquidation process, not 174 days as determined by the lower court. The Adjudicating Authority erred by excluding the 37-day period from 03.10.2021 to 08.11.2021 during which IAs were being adjudicated, rather than excluding only the period when the e-auction was actually stayed. The court clarified that exclusions should apply to periods when proceedings are stayed, not during mere adjudication of stay applications. The Stakeholders Consultation Committee was directed to recompute and pay the liquidator's fees based on the corrected 211-day period. Case-Laws Insolvency and Bankruptcy Mon, 01 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752925