directing the
liquidation of Su-Kam and appointing a Liquidator. The appointment of the
Liquidator was challenged before the NCLAT in an appeal18, which ... liquidator do not cease while inviting schemes
under Section 230 . The steps required to be taken by the liquidator
in liquidation include a compromise
Liquidator that under the Liquidation Regulations, 2016, the
Liquidator is entitled to receive his fee for the period of
compromise and arrangement. It was pleaded ... liquidation estate. The Liquidator has attempted to
incorrectly and inaptly interpret Regulation 2B of the Liquidation
Regulations, 2016. The Liquidator has wrongfully withheld the amount
directions to the liquidator. therefore, the preliminary submission of Mr. Desai that there was no authority in the liquidator to compromise and that ... that the compromise or rather the offer for a compromise was subject to instalments being agreed upon between the liquidator and the respondents concerned
shall not be included in the
liquidation period.
(3) Any cost incurred by the liquidator in relation to
compromise or arrangement shall be borne ... advice
is not binding on the Liquidator. The action of the Liquidator in placing the
Scheme of Compromise or Arrangement before the Stakeholders
Consultation Committee
Bankruptcy
Board of India (IBBI) (Liquidation Process) Regulations, 2016, provides that, the
Liquidator shall file the proposal of compromise or a scheme of arrangement only ... case of a company in liquidation, only the official liquidator
could propose a compromise or arrangement with the
creditors and members as contemplated by section
Bankruptcy
Board of India (IBBI) (Liquidation Process) Regulations, 2016, provides that, the
Liquidator shall file the proposal of compromise or a scheme of arrangement only ... case of a company in liquidation, only the official liquidator
could propose a compromise or arrangement with the
creditors and members as contemplated by section
Bankruptcy
Board of India (IBBI) (Liquidation Process) Regulations, 2016, provides that, the
Liquidator shall file the proposal of compromise or a scheme of arrangement only ... case of a company in liquidation, only the official liquidator
could propose a compromise or arrangement with the
creditors and members as contemplated by section
Bankruptcy
Board of India (IBBI) (Liquidation Process) Regulations, 2016, provides that, the
Liquidator shall file the proposal of compromise or a scheme of arrangement only ... case of a company in liquidation, only the official liquidator
could propose a compromise or arrangement with the
creditors and members as contemplated by section
shall not be included in the
liquidation period.
(3) Any cost incurred by the liquidator in relation to
compromise or arrangement shall be borne ... advice
is not binding on the Liquidator. The action of the Liquidator in placing the
Scheme of Compromise or Arrangement before the Stakeholders
Consultation Committee
shall not be included in the liquidation period.
(3) Any cost incurred by the liquidator in relation to compromise or
arrangement shall be borne ... observed that during the
liquidation process the steps which are required to be taken by the
liquidator include a compromise or arrangement in terms
