https://www.taxtmi.com/caselaws?id=282359 The Tribunal granted the application for liquidation of the corporate debtor, M/S. Moser Baer Solar Limited, under Section 33 (I) of the Insolvency and Bankruptcy Code. Despite the Committee of Creditors' refusal to allow liquidation due to ongoing legal proceedings, the Tribunal emphasized the necessity of a liquidation order in the absence of a resolution plan within the stipulated period. A Liquidator was appointed with specific responsibilities, including overseeing the liquidation process, investigating financial affairs, and ensuring compliance with statutory requirements. The Tribunal's decision aimed at facilitating the orderly liquidation of the debtor's assets. en-us Thu, 30 May 2019 00:00:00 +0530 Sun, 04 Aug 2019 16:01:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282359 The Tribunal granted the application for liquidation of the corporate debtor, M/S. Moser Baer Solar Limited, under Section 33 (I) of the Insolvency and Bankruptcy Code. Despite the Committee of Creditors' refusal to allow liquidation due to ongoing legal proceedings, the Tribunal emphasized the necessity of a liquidation order in the absence of a resolution plan within the stipulated period. A Liquidator was appointed with specific responsibilities, including overseeing the liquidation process, investigating financial affairs, and ensuring compliance with statutory requirements. The Tribunal's decision aimed at facilitating the orderly liquidation of the debtor's assets. Case-Laws Insolvency and Bankruptcy Thu, 30 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282359