https://www.taxtmi.com/caselaws?id=285671 The company's application under section 10 of the Insolvency and Bankruptcy Code, 2016 was admitted, with an Interim Resolution Professional appointed. Despite extensions, the resolution process failed, leading to liquidation due to the expiration of the statutory time limit for the resolution plan. A strategic investor's proposal was not timely considered, resulting in the appointment of a liquidator to commence the liquidation process. The order of liquidation marked the transition phase, ceasing the previous moratorium and initiating a fresh one under the IBC. en-us Tue, 17 Oct 2017 00:00:00 +0530 Tue, 21 Jan 2020 20:21:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285671 The company's application under section 10 of the Insolvency and Bankruptcy Code, 2016 was admitted, with an Interim Resolution Professional appointed. Despite extensions, the resolution process failed, leading to liquidation due to the expiration of the statutory time limit for the resolution plan. A strategic investor's proposal was not timely considered, resulting in the appointment of a liquidator to commence the liquidation process. The order of liquidation marked the transition phase, ceasing the previous moratorium and initiating a fresh one under the IBC. Case-Laws Insolvency and Bankruptcy Tue, 17 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285671