https://www.taxtmi.com/caselaws?id=369556 The Tribunal granted the application for the suspension of voluntary liquidation of Central Inland Water Transport Corporation Ltd. due to insolvency issues and pending litigations, as the company failed to meet the solvency requirement for voluntary liquidation. The Tribunal rejected the request to convert the application to winding up proceedings under the Companies Act, emphasizing the distinction between voluntary and compulsory liquidation. en-us Fri, 28 Sep 2018 00:00:00 +0530 Tue, 12 Feb 2019 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369556 The Tribunal granted the application for the suspension of voluntary liquidation of Central Inland Water Transport Corporation Ltd. due to insolvency issues and pending litigations, as the company failed to meet the solvency requirement for voluntary liquidation. The Tribunal rejected the request to convert the application to winding up proceedings under the Companies Act, emphasizing the distinction between voluntary and compulsory liquidation. Case-Laws Insolvency and Bankruptcy Fri, 28 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369556