https://www.taxtmi.com/caselaws?id=392679 The Tribunal allowed the application for liquidation under Sections 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, appointing the Resolution Professional as the Liquidator for the Corporate Debtor Company. The Committee of Creditors recommended the Liquidator's appointment, and the Tribunal emphasized the CoC's commercial wisdom in deciding for liquidation. The order specified the cessation of moratorium, discharge notice to officers and employees, restrictions on legal proceedings, and outlined the powers and duties of the Liquidator as per the Insolvency and Bankruptcy Code. en-us Wed, 27 Nov 2019 00:00:00 +0530 Wed, 26 Feb 2020 11:16:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392679 The Tribunal allowed the application for liquidation under Sections 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, appointing the Resolution Professional as the Liquidator for the Corporate Debtor Company. The Committee of Creditors recommended the Liquidator's appointment, and the Tribunal emphasized the CoC's commercial wisdom in deciding for liquidation. The order specified the cessation of moratorium, discharge notice to officers and employees, restrictions on legal proceedings, and outlined the powers and duties of the Liquidator as per the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392679