https://www.taxtmi.com/caselaws?id=381830 The court ordered the liquidation of the Corporate Debtor due to the lack of cooperation from Directors/Promoters, ceasing of business operations, and disputes over expenses incurred during the Corporate Insolvency Resolution Process. The Liquidator was appointed to oversee the liquidation process, faced challenges due to limited information availability, and sought payment of liquidation costs from stakeholders. The judgment dissolved the Corporate Debtor, relieved the Liquidator from further responsibilities, and directed stakeholders to pay liquidation costs based on their lending ratio, effectively concluding the case. en-us Tue, 02 Apr 2019 00:00:00 +0530 Tue, 18 Jun 2019 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381830 The court ordered the liquidation of the Corporate Debtor due to the lack of cooperation from Directors/Promoters, ceasing of business operations, and disputes over expenses incurred during the Corporate Insolvency Resolution Process. The Liquidator was appointed to oversee the liquidation process, faced challenges due to limited information availability, and sought payment of liquidation costs from stakeholders. The judgment dissolved the Corporate Debtor, relieved the Liquidator from further responsibilities, and directed stakeholders to pay liquidation costs based on their lending ratio, effectively concluding the case. Case-Laws Insolvency and Bankruptcy Tue, 02 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381830