https://www.taxtmi.com/caselaws?id=380566 The Tribunal ordered liquidation of the corporate debtor as no resolution plan was received within the 180-day Corporate Insolvency Resolution Process (CIRP) period, and the required approval percentage for liquidation was lacking. The Resolution Professional (RP) faced challenges in completing the information memorandum, leading to liquidation. The RP was replaced by a new Insolvency Professional as Liquidator, emphasizing compliance with the Insolvency and Bankruptcy Code and Liquidation Process Regulations. Strict adherence to regulatory provisions, cooperation with the Liquidator, and publication of public announcements were mandated for compliance. en-us Fri, 25 Jan 2019 00:00:00 +0530 Fri, 24 May 2019 11:55:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380566 The Tribunal ordered liquidation of the corporate debtor as no resolution plan was received within the 180-day Corporate Insolvency Resolution Process (CIRP) period, and the required approval percentage for liquidation was lacking. The Resolution Professional (RP) faced challenges in completing the information memorandum, leading to liquidation. The RP was replaced by a new Insolvency Professional as Liquidator, emphasizing compliance with the Insolvency and Bankruptcy Code and Liquidation Process Regulations. Strict adherence to regulatory provisions, cooperation with the Liquidator, and publication of public announcements were mandated for compliance. Case-Laws Insolvency and Bankruptcy Fri, 25 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380566