https://www.taxtmi.com/caselaws?id=772318 Delay in filing the appeal was condoned within the insolvency appellate limitation framework. The tribunal then held that a liquidation order could be clarified or modified where the requested relief merely gave effect to a stakeholder-approved commercial decision and did not prejudice the parties' rights or liabilities. On the record, including the committee resolution and the respondents' consensus, the earlier liquidation order was treated as reflecting a sale of the corporate debtor as a going concern, and the refusal to clarify was set aside. The clarification was therefore restored without altering the substantive rights of the parties. en-us Wed, 30 Apr 2025 00:00:00 +0530 Fri, 06 Jun 2025 08:32:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772318 Delay in filing the appeal was condoned within the insolvency appellate limitation framework. The tribunal then held that a liquidation order could be clarified or modified where the requested relief merely gave effect to a stakeholder-approved commercial decision and did not prejudice the parties' rights or liabilities. On the record, including the committee resolution and the respondents' consensus, the earlier liquidation order was treated as reflecting a sale of the corporate debtor as a going concern, and the refusal to clarify was set aside. The clarification was therefore restored without altering the substantive rights of the parties. Case-Laws IBC Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772318