https://www.taxtmi.com/caselaws?id=356869 The National Company Law Tribunal, Chandigarh, ordered the liquidation of the Corporate Debtor after the expiry of the resolution period without receiving a viable plan. A Liquidator was appointed to oversee the liquidation process, issue public announcements, and manage stakeholder claims. The Liquidator was granted powers and duties under the Insolvency and Bankruptcy Code, and Financial Creditors were allowed to enforce personal guarantees despite the liquidation order. The Resolution Professional was required to transfer all relevant records and information to the appointed Liquidator for the continuation of the liquidation process. en-us Tue, 13 Feb 2018 00:00:00 +0530 Thu, 15 Mar 2018 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356869 The National Company Law Tribunal, Chandigarh, ordered the liquidation of the Corporate Debtor after the expiry of the resolution period without receiving a viable plan. A Liquidator was appointed to oversee the liquidation process, issue public announcements, and manage stakeholder claims. The Liquidator was granted powers and duties under the Insolvency and Bankruptcy Code, and Financial Creditors were allowed to enforce personal guarantees despite the liquidation order. The Resolution Professional was required to transfer all relevant records and information to the appointed Liquidator for the continuation of the liquidation process. Case-Laws Insolvency and Bankruptcy Tue, 13 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356869