https://www.taxtmi.com/caselaws?id=361666 The Appellate Tribunal dismissed the appeal against the liquidation order of the Corporate Debtor, finding no merit in the allegations of obstruction of revival by the Committee of Creditors and the Resolution Professional's conduct. Despite attempts to stall the Resolution Process and financial irregularities by the Directors, the absence of viable Resolution Plans or Applicants led to the ultimate decision for liquidation due to the inability to conclude the resolution process successfully. The Tribunal vacated any previous stay orders without imposing costs on the parties involved. en-us Thu, 31 May 2018 00:00:00 +0530 Tue, 12 Jun 2018 08:46:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361666 The Appellate Tribunal dismissed the appeal against the liquidation order of the Corporate Debtor, finding no merit in the allegations of obstruction of revival by the Committee of Creditors and the Resolution Professional's conduct. Despite attempts to stall the Resolution Process and financial irregularities by the Directors, the absence of viable Resolution Plans or Applicants led to the ultimate decision for liquidation due to the inability to conclude the resolution process successfully. The Tribunal vacated any previous stay orders without imposing costs on the parties involved. Case-Laws Insolvency and Bankruptcy Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361666