https://www.taxtmi.com/caselaws?id=389679 The Tribunal granted the Application for initiation of Liquidation Proceedings under Sections 33 and 34 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor, M/s. Seatel Electronics (India) Private Limited. The Committee of Creditors (CoC) decided to replace the Interim Resolution Professional (IRP) with a Resolution Professional (RP) and extended the Corporate Insolvency Resolution Process (CIRP) period by 90 days. As no resolution plan was received, the CoC voted for the liquidation of the Corporate Debtor. The Tribunal ordered the liquidation, appointed the RP as the Liquidator, and directed specific actions for the liquidation process. en-us Mon, 23 Sep 2019 00:00:00 +0530 Sat, 14 Dec 2019 10:55:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389679 The Tribunal granted the Application for initiation of Liquidation Proceedings under Sections 33 and 34 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor, M/s. Seatel Electronics (India) Private Limited. The Committee of Creditors (CoC) decided to replace the Interim Resolution Professional (IRP) with a Resolution Professional (RP) and extended the Corporate Insolvency Resolution Process (CIRP) period by 90 days. As no resolution plan was received, the CoC voted for the liquidation of the Corporate Debtor. The Tribunal ordered the liquidation, appointed the RP as the Liquidator, and directed specific actions for the liquidation process. Case-Laws Insolvency and Bankruptcy Mon, 23 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389679