https://www.taxtmi.com/caselaws?id=380094 The appeal against the order of liquidation under the Insolvency and Bankruptcy Code, 2016 was dismissed by the Appellate Tribunal. The Tribunal found the liquidation order by the Adjudicating Authority to be lawful, considering the circumstances of the case. It was noted that the Resolution Plan submitted by Grandvalult Enterprises, Bengaluru was not timely and therefore not presented to the Committee of Creditors for voting. The Tribunal directed the Liquidator to comply with the law, stressing the importance of completing the liquidation process within a reasonable timeframe and ensuring fairness to all stakeholders. en-us Tue, 16 Apr 2019 00:00:00 +0530 Mon, 13 May 2019 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380094 The appeal against the order of liquidation under the Insolvency and Bankruptcy Code, 2016 was dismissed by the Appellate Tribunal. The Tribunal found the liquidation order by the Adjudicating Authority to be lawful, considering the circumstances of the case. It was noted that the Resolution Plan submitted by Grandvalult Enterprises, Bengaluru was not timely and therefore not presented to the Committee of Creditors for voting. The Tribunal directed the Liquidator to comply with the law, stressing the importance of completing the liquidation process within a reasonable timeframe and ensuring fairness to all stakeholders. Case-Laws Insolvency and Bankruptcy Tue, 16 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380094