Levy of Maintenance Security Deposit in respect of the property ...

Case Laws Insolvency and Bankruptcy

June 2, 2021

Levy of Maintenance Security Deposit in respect of the property which was e-Auctioned by the Liquidator - Section 61(1) of the Insolvency and Bankruptcy Code, 2016 - Having bid, paid the EMD and gone through the Process Memorandum and terms of LoI, the Appellant herein has exercised their choice of being a successful bidder and now cannot turn around and state that ₹ 6 Lakh amount to be paid towards statutory dues cannot be fastened upon them - AT

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Levy of Maintenance Security Deposit in respect of the property ...

Case Laws Insolvency and Bankruptcy

June 2, 2021

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