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2020 (1) TMI 1506 - AT - Insolvency and BankruptcyScope of Liquidation estate - Section 36 (4) (d) of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- The claim sought to be enforced by the ‘Corporate Debtor’ has been rightly declined by the Adjudicating Authority (National Company Law Tribunal) Division Bench, Chennai as in terms of provisions of Section 36 (4) (d) of the ‘Insolvency and Bankruptcy Code, 2016’ assets of its subsidiary did not fall within the ambit of liquidation Estate of ‘Corporate Debtor’. However, the provision itself has been subjected to the exclusion clause engrafted in sub-Section 4 and assets of subsidiary of the ‘Corporate Debtor’ are not included in the liquidation Estate. Appeal dismissed.
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