Under the provisions of the IBC, the liquidator has the right to recover refund amount which is a part of the liquidation estate and hold it as a fiduciary for the benefit of all the creditors – Kanwal Goyal, Liquidator Vs. Uttar Haryana Bijli Vitran Nigam Ltd. – NCLT Chandigarh Bench

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Whether the period excluded by NCLT from the total liquidation process time period should be excluded for the purpose of calculation of the Liquidator’s fee in terms of the slab under Liquidation Process Regulation 4 – Mr. Sanjay Kumar Aggarwal Liquidator of Punjab Basmati Rice Ltd. Vs. Canara Bank – NCLT Chandigarh Bench

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Successful Resolution Applicant (SRA) is not accountable for non-compliance of MCA filing by Corporate Debtor or its Promoters/Director prior to insolvency commencement date, No penalty or interest can be fastened to Corporate Debtor under the new management – Skyhigh Infraland Pvt. Ltd. Vs. Monitoring Committee of Corporate Debtor- NCLT Chandigarh Bench

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Provisions of CIRP Regulation 36A(4A), the invitation for expression of interest(EOI), which has already been issued can be modified only once will not be applicable to the case dealing with the fresh publication of Form G – Anurag Verma, Resolution Professional – NCLT Chandigarh Bench

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