https://www.taxtmi.com/caselaws?id=793683 The liquidator's 04.04.2025 decision on security interest and distribution entitlements was tentative, because it was expressly made in terms of the pending 31.05.2024 order and was placed before the Appellate Tribunal in view of existing proceedings by banks. It was not intended to operate with immediate finality, and its effect was stated to depend on the outcome of the challenge to the earlier order. Accordingly, the decision did not independently determine the rights of secured creditors and could not be treated as a conclusive determination at this stage. en-us Tue, 09 Jun 2026 00:00:00 +0530 Mon, 22 Jun 2026 08:39:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793683 The liquidator's 04.04.2025 decision on security interest and distribution entitlements was tentative, because it was expressly made in terms of the pending 31.05.2024 order and was placed before the Appellate Tribunal in view of existing proceedings by banks. It was not intended to operate with immediate finality, and its effect was stated to depend on the outcome of the challenge to the earlier order. Accordingly, the decision did not independently determine the rights of secured creditors and could not be treated as a conclusive determination at this stage. Case-Laws IBC Tue, 09 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793683