https://www.taxtmi.com/caselaws?id=389247 The Tribunal allowed the application for liquidation of M/s. Orchid Health Care Private Limited under Section 33(2) of the Insolvency & Bankruptcy Code, 2016. The decision was based on the Committee of Creditors' resolution determining the company as not a going concern and lacking assets. Mr. Ramakrishnan Sadasivan was appointed as the Liquidator, with full powers. Various directions were provided regarding the liquidation process, responsibilities, fees, and compliance with regulations. The Corporate Debtor was ordered to be liquidated as per the provisions of the Code, initiating the liquidation process for the company. en-us Mon, 22 Jul 2019 00:00:00 +0530 Wed, 04 Dec 2019 11:55:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389247 The Tribunal allowed the application for liquidation of M/s. Orchid Health Care Private Limited under Section 33(2) of the Insolvency & Bankruptcy Code, 2016. The decision was based on the Committee of Creditors' resolution determining the company as not a going concern and lacking assets. Mr. Ramakrishnan Sadasivan was appointed as the Liquidator, with full powers. Various directions were provided regarding the liquidation process, responsibilities, fees, and compliance with regulations. The Corporate Debtor was ordered to be liquidated as per the provisions of the Code, initiating the liquidation process for the company. Case-Laws Companies Law Mon, 22 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389247