https://www.taxtmi.com/caselaws?id=358161 Where the insolvency resolution process failed to produce an approved and viable resolution plan, and the Committee of Creditors resolved to liquidate the corporate debtor, the Adjudicating Authority treated the requirements of Section 33 of the Insolvency and Bankruptcy Code, 2016 as satisfied. The Tribunal accordingly directed liquidation, appointed the resolution professional as liquidator, ordered cessation of the board's powers, and issued the usual consequential directions on public announcement, moratorium, and notice to employees and workmen. en-us Wed, 31 Jan 2018 00:00:00 +0530 Fri, 06 Apr 2018 07:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358161 Where the insolvency resolution process failed to produce an approved and viable resolution plan, and the Committee of Creditors resolved to liquidate the corporate debtor, the Adjudicating Authority treated the requirements of Section 33 of the Insolvency and Bankruptcy Code, 2016 as satisfied. The Tribunal accordingly directed liquidation, appointed the resolution professional as liquidator, ordered cessation of the board's powers, and issued the usual consequential directions on public announcement, moratorium, and notice to employees and workmen. Case-Laws Insolvency and Bankruptcy Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358161