https://www.taxtmi.com/caselaws?id=386933 The Tribunal approved the liquidation of the Corporate Debtor based on the unanimous decision of the Committee of Creditors (CoC) as no viable resolution plan was proposed. The Resolution Professional (RP) was appointed as the Liquidator with full authority over the Corporate Debtor's affairs. Various directions were issued, including the issuance of a public notice for liquidation, stipulation of fees for the Liquidator, and prohibition on legal proceedings without the Tribunal's approval. The Tribunal's decision aligned with the provisions of the Insolvency & Bankruptcy Code, 2016. en-us Tue, 09 Jul 2019 00:00:00 +0530 Sat, 12 Oct 2019 07:55:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386933 The Tribunal approved the liquidation of the Corporate Debtor based on the unanimous decision of the Committee of Creditors (CoC) as no viable resolution plan was proposed. The Resolution Professional (RP) was appointed as the Liquidator with full authority over the Corporate Debtor's affairs. Various directions were issued, including the issuance of a public notice for liquidation, stipulation of fees for the Liquidator, and prohibition on legal proceedings without the Tribunal's approval. The Tribunal's decision aligned with the provisions of the Insolvency & Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Tue, 09 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386933