https://www.taxtmi.com/caselaws?id=282259 The Tribunal ordered the liquidation of ABG Shipyard Limited under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, as the Corporate Debtor was not a going concern and the Committee of Creditors approved liquidation. The RP was appointed as the Liquidator. Outstanding dues to employees were directed to be paid from specific funds. The Tribunal identified and ordered further investigation into preferential, undervalued, and fraudulent transactions, including the reversal of wrongfully appropriated fixed deposits by the Bank of Baroda. en-us Thu, 25 Apr 2019 00:00:00 +0530 Mon, 29 Jul 2019 20:43:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282259 The Tribunal ordered the liquidation of ABG Shipyard Limited under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, as the Corporate Debtor was not a going concern and the Committee of Creditors approved liquidation. The RP was appointed as the Liquidator. Outstanding dues to employees were directed to be paid from specific funds. The Tribunal identified and ordered further investigation into preferential, undervalued, and fraudulent transactions, including the reversal of wrongfully appropriated fixed deposits by the Bank of Baroda. Case-Laws Insolvency and Bankruptcy Thu, 25 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282259