https://www.taxtmi.com/caselaws?id=367206 The Tribunal ordered the liquidation of the Corporate Debtor, M/s. Associated Cylinders and Accessories Private Limited, under Section 33 of the Insolvency and Bankruptcy Code, 2016. The decision was based on the CoCs' resolution due to the absence of viable Resolution Plans and the Corporate Debtor's cessation of operations since 2017. The Resolution Professional was appointed as the Liquidator, with the Order outlining the transfer of powers and fee entitlement. Compliance measures were directed, effectively concluding the liquidation proceedings. en-us Mon, 16 Jul 2018 00:00:00 +0530 Mon, 17 Sep 2018 07:40:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367206 The Tribunal ordered the liquidation of the Corporate Debtor, M/s. Associated Cylinders and Accessories Private Limited, under Section 33 of the Insolvency and Bankruptcy Code, 2016. The decision was based on the CoCs' resolution due to the absence of viable Resolution Plans and the Corporate Debtor's cessation of operations since 2017. The Resolution Professional was appointed as the Liquidator, with the Order outlining the transfer of powers and fee entitlement. Compliance measures were directed, effectively concluding the liquidation proceedings. Case-Laws Insolvency and Bankruptcy Mon, 16 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367206