https://www.taxtmi.com/caselaws?id=388369 The court granted a liquidation order for the Corporate Debtor under Section 33(2) of the Insolvency and Bankruptcy Code, 2015. The Committee of Creditors decided unanimously to liquidate the Corporate Debtor due to ongoing losses and lack of viable resolution plans. The Resolution Professional was appointed as the Liquidator, and necessary directions were issued for the liquidation process, including the publication of a public announcement for stakeholder claims. Financial Creditors were permitted to enforce personal guarantees, and the Liquidator's fee was approved in accordance with regulations. en-us Mon, 05 Aug 2019 00:00:00 +0530 Thu, 14 Nov 2019 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388369 The court granted a liquidation order for the Corporate Debtor under Section 33(2) of the Insolvency and Bankruptcy Code, 2015. The Committee of Creditors decided unanimously to liquidate the Corporate Debtor due to ongoing losses and lack of viable resolution plans. The Resolution Professional was appointed as the Liquidator, and necessary directions were issued for the liquidation process, including the publication of a public announcement for stakeholder claims. Financial Creditors were permitted to enforce personal guarantees, and the Liquidator's fee was approved in accordance with regulations. Case-Laws Insolvency and Bankruptcy Mon, 05 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388369