https://www.taxtmi.com/caselaws?id=383491 The appeal was filed against the order of liquidation under the Insolvency and Bankruptcy Code, 2016. The Appellant argued for the Corporate Debtor's eligibility for subsidies from the Central Government, despite the pending liquidation. The Tribunal emphasized the need for the Corporate Debtor to continue as a going concern during liquidation. The Resolution Professional's request to hold off the liquidation order was denied due to the absence of a resolution plan after 270 days. The Tribunal directed the Ministry to re-examine the subsidy claim promptly, ensuring the Corporate Debtor's operations for potential revival and resolution. en-us Tue, 23 Jul 2019 00:00:00 +0530 Thu, 25 Jul 2019 08:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383491 The appeal was filed against the order of liquidation under the Insolvency and Bankruptcy Code, 2016. The Appellant argued for the Corporate Debtor's eligibility for subsidies from the Central Government, despite the pending liquidation. The Tribunal emphasized the need for the Corporate Debtor to continue as a going concern during liquidation. The Resolution Professional's request to hold off the liquidation order was denied due to the absence of a resolution plan after 270 days. The Tribunal directed the Ministry to re-examine the subsidy claim promptly, ensuring the Corporate Debtor's operations for potential revival and resolution. Case-Laws Insolvency and Bankruptcy Tue, 23 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383491