https://www.taxtmi.com/caselaws?id=466045 Preservation and protection of corporate assets is emphasised, reiterating the resolution professional's duty to preserve assets and continue business operations under the IBC; interim finance may be raised only with approval of the committee of creditors, and the committee is directed to meet corporate insolvency resolution process costs, with conversion of security in liquidation noted as a consequence where liquidation becomes inevitable. The appellate bench declined to disturb the adjudicating authority's decision to prevent dissipation of assets and permitted further steps before the adjudicating authority in accordance with the Code. en-us Thu, 14 Nov 2019 00:00:00 +0530 Wed, 21 Jan 2026 17:54:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466045 Preservation and protection of corporate assets is emphasised, reiterating the resolution professional's duty to preserve assets and continue business operations under the IBC; interim finance may be raised only with approval of the committee of creditors, and the committee is directed to meet corporate insolvency resolution process costs, with conversion of security in liquidation noted as a consequence where liquidation becomes inevitable. The appellate bench declined to disturb the adjudicating authority's decision to prevent dissipation of assets and permitted further steps before the adjudicating authority in accordance with the Code. Case-Laws IBC Thu, 14 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466045