https://www.taxtmi.com/caselaws?id=372280 The National Company Law Tribunal, Chennai, ordered the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor under Section 9 of the Insolvency and Bankruptcy Code. The Committee of Creditors (COC) approved valuers' fees and other costs, considered resolution plans, and eventually decided on the liquidation of the Corporate Debtor due to financial insolvency. The Tribunal appointed the Resolution Professional as the Liquidator, directing the management of liquidation proceedings and expenses to be reimbursed from the liquidation proceeds. en-us Thu, 01 Nov 2018 00:00:00 +0530 Thu, 20 Dec 2018 08:09:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372280 The National Company Law Tribunal, Chennai, ordered the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor under Section 9 of the Insolvency and Bankruptcy Code. The Committee of Creditors (COC) approved valuers' fees and other costs, considered resolution plans, and eventually decided on the liquidation of the Corporate Debtor due to financial insolvency. The Tribunal appointed the Resolution Professional as the Liquidator, directing the management of liquidation proceedings and expenses to be reimbursed from the liquidation proceeds. Case-Laws Insolvency and Bankruptcy Thu, 01 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372280