https://www.taxtmi.com/caselaws?id=459259 Liquidation proceedings under the I&B Code were kept open for a proposed compromise route, as the Appellate Tribunal declined to examine the challenges to the liquidation order and the rejection of the Section 12A application on merits. Accepting the appellant's statement that an OTS had been approved and that a scheme under Sections 230 and 232 of the Companies Act would be filed, the Tribunal granted thirty days to place the scheme before the liquidator. The liquidator was left free to consider and proceed with the scheme or arrangement in accordance with law. en-us Fri, 08 Apr 2022 00:00:00 +0530 Fri, 06 Dec 2024 18:57:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459259 Liquidation proceedings under the I&B Code were kept open for a proposed compromise route, as the Appellate Tribunal declined to examine the challenges to the liquidation order and the rejection of the Section 12A application on merits. Accepting the appellant's statement that an OTS had been approved and that a scheme under Sections 230 and 232 of the Companies Act would be filed, the Tribunal granted thirty days to place the scheme before the liquidator. The liquidator was left free to consider and proceed with the scheme or arrangement in accordance with law. Case-Laws IBC Fri, 08 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459259