Since the payment of the property dues is assured under Section 53 of the Code, in our considered opinion the lien on the property deserves to be lifted. The Applicant is accordingly entitled to protection in terms of Section 60(5) of the Code read with Rule 11 of the National Company Law Tribunal Rules, 2016 – Shantanu T. Ray, Liquidator of Conros Steels Pvt. Ltd. Vs. Grup Grampanchayat Tambati – NCLT Mumbai Bench

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