(B) In terms of the relevant provisions of the IBC, 2016, a liquidation order was passed against MNO Limited (Another Subsidiary of ABT and also being the Corporate Debtor) by the Adjudicating Authority (NCLT). Mr. Arvin

(B) In terms of the relevant provisions of the IBC, 2016, a liquidation order was passed against MNO Limited (Another Subsidiary of ABT and also being the Corporate Debtor) by the Adjudicating Authority (NCLT). Mr. Arvind was appointed as the Liquidator by the NCLT. Upon resuming his mantle, Mr. Arvind started collecting claims from all the creditors within the time frame as prescribed in the IBC, 2016. While initiating the liquidation process, Mr. Arvind proposed to include the equity shares of another subsidiary company of MTPL as part of the liquidation estate in relation to the Corporate Debtor. In respect of the inputs given in Para-B above under IBC, 2016, answer the following: Whether the proposal of Mr. Arvind to include the equity shares of the Subsidiary Company of MTPL as part of liquidation estate tenable?