Liquidation proceedings - settlement dues of Corporate Debtor - ...

Case Laws Insolvency and Bankruptcy

April 24, 2023

Liquidation proceedings - settlement dues of Corporate Debtor - the Appellant having successfully met the dues of three statutory creditors, there is no reason to deny an opportunity to the Appellant to settle the dues of the fourth statutory creditor. It has also weighed that if the dues of GST Department are also cleared by the Appellant, no useful purpose will be served by pressing ahead with liquidation. - AT

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Liquidation proceedings - settlement dues of Corporate Debtor - ...

Case Laws Insolvency and Bankruptcy

April 24, 2023

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