https://www.taxtmi.com/caselaws?id=275499 The Tribunal accepted the Committee of Creditors' recommendation for the liquidation of Vedica Nut Crafts Pvt. Ltd. as no resolution plans were received despite efforts. Compliance with the Insolvency and Bankruptcy Code was noted, leading to the appointment of a new liquidator, Mr. Shashi Kant Nemani. Directions were issued for the liquidator to follow Chapter III provisions. The application for liquidation was disposed of, emphasizing the necessity for liquidation due to the absence of viable options. en-us Wed, 04 Apr 2018 00:00:00 +0530 Fri, 05 Oct 2018 07:33:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275499 The Tribunal accepted the Committee of Creditors' recommendation for the liquidation of Vedica Nut Crafts Pvt. Ltd. as no resolution plans were received despite efforts. Compliance with the Insolvency and Bankruptcy Code was noted, leading to the appointment of a new liquidator, Mr. Shashi Kant Nemani. Directions were issued for the liquidator to follow Chapter III provisions. The application for liquidation was disposed of, emphasizing the necessity for liquidation due to the absence of viable options. Case-Laws Insolvency and Bankruptcy Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275499