https://www.taxtmi.com/caselaws?id=767684 NCLAT dismissed appeal challenging liquidator's inclusion of Haldia property in liquidation estate. Appellant, a secured creditor, failed to comply with Regulation 21A requirements within 90-day deadline from liquidation commencement, including non-payment of estimated amounts and failure to communicate with liquidator under Regulation 37. Tribunal held that secured creditors cannot argue non-applicability of regulations due to liquidator's failure to communicate estimated amounts when they themselves took no proactive steps. Property rightfully became part of liquidation estate. Successful bidder allowed to complete purchase by depositing balance amount with interest. en-us Thu, 20 Mar 2025 00:00:00 +0530 Fri, 21 Mar 2025 14:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767684 NCLAT dismissed appeal challenging liquidator's inclusion of Haldia property in liquidation estate. Appellant, a secured creditor, failed to comply with Regulation 21A requirements within 90-day deadline from liquidation commencement, including non-payment of estimated amounts and failure to communicate with liquidator under Regulation 37. Tribunal held that secured creditors cannot argue non-applicability of regulations due to liquidator's failure to communicate estimated amounts when they themselves took no proactive steps. Property rightfully became part of liquidation estate. Successful bidder allowed to complete purchase by depositing balance amount with interest. Case-Laws IBC Thu, 20 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767684