https://www.taxtmi.com/caselaws?id=383447 Liquidation was not interfered with because the resolution period had expired and no viable resolution plan was available, while recognising that revival remains the objective of insolvency proceedings. The tribunal also stated that, in liquidation, the liquidator must first explore a compromise or arrangement under Section 230 of the Companies Act, 2013 before proceeding to sell the corporate debtor's assets. Sale becomes permissible only after revival efforts fail and the company cannot be maintained as a going concern. en-us Wed, 29 May 2019 00:00:00 +0530 Wed, 24 Jul 2019 07:47:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383447 Liquidation was not interfered with because the resolution period had expired and no viable resolution plan was available, while recognising that revival remains the objective of insolvency proceedings. The tribunal also stated that, in liquidation, the liquidator must first explore a compromise or arrangement under Section 230 of the Companies Act, 2013 before proceeding to sell the corporate debtor's assets. Sale becomes permissible only after revival efforts fail and the company cannot be maintained as a going concern. Case-Laws Insolvency and Bankruptcy Wed, 29 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383447