https://www.taxtmi.com/caselaws?id=377172 The Corporate Debtor, M/s. Infinitas Energy Solutions Pvt. Ltd., underwent liquidation proceedings under the Insolvency and Bankruptcy Code, 2016. Despite efforts including multiple CoC meetings, plan revisions, and judicial directions for revised offers, all Resolution Plans were rejected by the CoCs. Consequently, the Authority issued a detailed Liquidation Order appointing the Resolution Professional as the Company Liquidator. The case exemplified the exhaustive attempts at resolution before resorting to liquidation due to the failure to approve viable Resolution Plans within the specified timeframe. en-us Wed, 06 Feb 2019 00:00:00 +0530 Mon, 25 Mar 2019 06:42:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377172 The Corporate Debtor, M/s. Infinitas Energy Solutions Pvt. Ltd., underwent liquidation proceedings under the Insolvency and Bankruptcy Code, 2016. Despite efforts including multiple CoC meetings, plan revisions, and judicial directions for revised offers, all Resolution Plans were rejected by the CoCs. Consequently, the Authority issued a detailed Liquidation Order appointing the Resolution Professional as the Company Liquidator. The case exemplified the exhaustive attempts at resolution before resorting to liquidation due to the failure to approve viable Resolution Plans within the specified timeframe. Case-Laws Insolvency and Bankruptcy Wed, 06 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377172