2020 (1) TMI 1506

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..... rightly declined by the Adjudicating Authority (National Company Law Tribunal) Division Bench, Chennai as in terms of provisions of Section 36 (4) (d) of the Insolvency and Bankruptcy Code, 2016 assets of its subsidiary did not fall within the ambit of liquidation Estate of Corporate Debtor . However, the provision itself has been subjected to the exclusion clause engrafted in sub-Section 4 an .....

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..... been rightly declined by the Adjudicating Authority (National Company Law Tribunal) Division Bench, Chennai as in terms of provisions of Section 36 (4) (d) of the Insolvency and Bankruptcy Code, 2016 assets of its subsidiary did not fall within the ambit of liquidation Estate. Learned counsel for the Appellant vehemently tried to stress that under sub-Section 3(a) of section 36 of the Insolvenc .....

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