NCLT directs the Liquidator to sell assets of a Corporate Debtor through open auction under the direct supervision of a Senior Officer of IBBI – M/s. Ambience Commercial Developers Pvt. Ltd. Vs. M/s. Jot Impex Pvt. Ltd. – NCLT New Delhi Bench Court-II

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Rule 5 of the Debts Recovery Tribunals (Refund of Court Fee) Rules, 2013 cannot be construed to mean that a consent needs to be obtained from the Borrower and/or a joint application be presented for refund of Court fees on settlement – Yes Bank Ltd. Vs. Union of India – Bombay High Court

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