TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>High Court Decision Prioritizes Secured Creditors in Corporate Liquidation, Transfers Case to NCLT under IBC.</h1> In a recent High Court decision, the complex issues surrounding asset disposal and creditor rights in corporate liquidation were addressed. The case involved a company in liquidation with multiple parties, including secured creditors and others claiming rights over its assets. The court emphasized the rights of secured creditors, prioritizing their claims in the liquidation process. It transferred the case to the National Company Law Tribunal (NCLT) for specialized handling under the Insolvency and Bankruptcy Code (IBC). The decision highlighted the importance of balancing creditor rights with those of other claimants, ensuring a fair liquidation process.
TaxTMI 
TaxTMI 