https://www.taxtmi.com/caselaws?id=782692 A liquidator's ordinary statutory functions in liquidation, including taking custody of assets, curing title defects, defending proceedings, selling assets and distributing proceeds, cannot be treated as excluded time for enhanced remuneration unless exceptional circumstances and specific delay are proved. The Tribunal found no reliable material showing the exact period of pendency, no basis to say earlier extensions were not already factored in, and no comparable exceptional conduct by any creditor or other party. It also noted that the exclusion request was raised belatedly after remuneration had already been received. The request for exclusion of time and consequential additional remuneration was therefore rejected. en-us Thu, 25 Sep 2025 00:00:00 +0530 Wed, 03 Dec 2025 08:57:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782692 A liquidator's ordinary statutory functions in liquidation, including taking custody of assets, curing title defects, defending proceedings, selling assets and distributing proceeds, cannot be treated as excluded time for enhanced remuneration unless exceptional circumstances and specific delay are proved. The Tribunal found no reliable material showing the exact period of pendency, no basis to say earlier extensions were not already factored in, and no comparable exceptional conduct by any creditor or other party. It also noted that the exclusion request was raised belatedly after remuneration had already been received. The request for exclusion of time and consequential additional remuneration was therefore rejected. Case-Laws IBC Thu, 25 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782692