https://www.taxtmi.com/caselaws?id=380998 On expiry of the maximum corporate insolvency resolution process period and in the absence of any approved resolution plan, the Tribunal held that liquidation under section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016 was warranted. The Committee of Creditors had already resolved to liquidate the corporate debtor, and the record showed that no plan had been approved under section 30(6). Having found the statutory conditions satisfied, the Tribunal ordered liquidation, the moratorium under section 14 ceased, and the Resolution Professional was appointed as Liquidator to carry out the liquidation process under the Code and the applicable regulations. en-us Fri, 08 Feb 2019 00:00:00 +0530 Mon, 03 Jun 2019 09:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380998 On expiry of the maximum corporate insolvency resolution process period and in the absence of any approved resolution plan, the Tribunal held that liquidation under section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016 was warranted. The Committee of Creditors had already resolved to liquidate the corporate debtor, and the record showed that no plan had been approved under section 30(6). Having found the statutory conditions satisfied, the Tribunal ordered liquidation, the moratorium under section 14 ceased, and the Resolution Professional was appointed as Liquidator to carry out the liquidation process under the Code and the applicable regulations. Case-Laws Insolvency and Bankruptcy Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380998