https://www.taxtmi.com/caselaws?id=390495 The Adjudicating Authority issued a liquidation order for the Corporate Debtor, M/s. Vibha Overseas Exim Private Limited, under the Insolvency and Bankruptcy Code, 2016. Despite the absence of a viable resolution plan within the specified timeframe, the Committee of Creditors resolved to liquidate the Corporate Debtor. Consequently, an Official Liquidator was appointed, marking the transfer of powers and responsibilities from the Resolution Professional. The order outlined operational details, compliance requirements, and fee structures for the Liquidator, ensuring a structured transition into the liquidation phase in accordance with the I&B Code, 2016. en-us Thu, 17 Oct 2019 00:00:00 +0530 Sun, 05 Jan 2020 11:08:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390495 The Adjudicating Authority issued a liquidation order for the Corporate Debtor, M/s. Vibha Overseas Exim Private Limited, under the Insolvency and Bankruptcy Code, 2016. Despite the absence of a viable resolution plan within the specified timeframe, the Committee of Creditors resolved to liquidate the Corporate Debtor. Consequently, an Official Liquidator was appointed, marking the transfer of powers and responsibilities from the Resolution Professional. The order outlined operational details, compliance requirements, and fee structures for the Liquidator, ensuring a structured transition into the liquidation phase in accordance with the I&B Code, 2016. Case-Laws Companies Law Thu, 17 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390495