https://www.taxtmi.com/caselaws?id=283986 The National Company Law Tribunal, Chennai, ordered the liquidation of Corporate Debtor M/s. Matrix Metal Traders Private Limited under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. The Authority appointed the Interim Resolution Professional as the Company Liquidator to oversee the process, emphasizing compliance with IBBI guidelines. The decision stemmed from the absence of a viable resolution plan within the stipulated timeframe, amidst disputes and objections within the Committee of Creditors, showcasing the significance of procedural adherence in insolvency resolution. en-us Wed, 05 Dec 2018 00:00:00 +0530 Wed, 23 Oct 2019 07:54:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283986 The National Company Law Tribunal, Chennai, ordered the liquidation of Corporate Debtor M/s. Matrix Metal Traders Private Limited under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. The Authority appointed the Interim Resolution Professional as the Company Liquidator to oversee the process, emphasizing compliance with IBBI guidelines. The decision stemmed from the absence of a viable resolution plan within the stipulated timeframe, amidst disputes and objections within the Committee of Creditors, showcasing the significance of procedural adherence in insolvency resolution. Case-Laws Insolvency and Bankruptcy Wed, 05 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283986