https://www.taxtmi.com/caselaws?id=386284 The tribunal approved the liquidation of the Corporate Debtor, M/s. RLS Alloys Private Limited, following the unanimous decision of the Committee of Creditors due to the lack of viable Resolution Plans. The Resolution Professional was appointed as the Company Liquidator, with various directives outlined in the Liquidation Order, including ceasing the moratorium and transferring management powers. The tribunal emphasized cooperation from the Corporate Debtor's personnel and specified the Liquidator's entitlement to fees. The judgment concluded the legal proceedings, with the Registry instructed to promptly communicate the Order to the appointed Liquidator. en-us Fri, 14 Jun 2019 00:00:00 +0530 Thu, 26 Sep 2019 06:56:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386284 The tribunal approved the liquidation of the Corporate Debtor, M/s. RLS Alloys Private Limited, following the unanimous decision of the Committee of Creditors due to the lack of viable Resolution Plans. The Resolution Professional was appointed as the Company Liquidator, with various directives outlined in the Liquidation Order, including ceasing the moratorium and transferring management powers. The tribunal emphasized cooperation from the Corporate Debtor's personnel and specified the Liquidator's entitlement to fees. The judgment concluded the legal proceedings, with the Registry instructed to promptly communicate the Order to the appointed Liquidator. Case-Laws Insolvency and Bankruptcy Fri, 14 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386284