Assets Reflected in Balance Sheet of Corporate Debtor are Part of Liquidation Estate u/s 36 of IBC: NCLAT

The NCLAT clarified that assets reflected in the balance sheet of a corporate debtor are part of the liquidation estate under Section 36 of the IBC. The appellate tribunal's ruling establishes that all assets listed in the financial records of the company undergoing liquidation form part of the pool of assets available for distribution to creditors. This provides clarity on the scope of the liquidation estate and ensures a comprehensive inclusion of the corporate debtor's assets in the liquidation process.