https://www.taxtmi.com/caselaws?id=392951 The Committee of Creditors approved the liquidation of Rama Krishna Knitters Private Limited after rejecting a resolution plan and appointing the Resolution Professional as the Liquidator. The COC also approved plans for meeting liquidation costs, decided against selling the company as a going concern, fixed the Liquidator's fees, and issued compliance directions. The Liquidator was instructed to publish announcements, file reports, and take possession of assets, with Financial Creditors retaining the right to enforce personal guarantees. The case was concluded with relevant parties receiving copies of the order. en-us Tue, 24 Dec 2019 00:00:00 +0530 Mon, 02 Mar 2020 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392951 The Committee of Creditors approved the liquidation of Rama Krishna Knitters Private Limited after rejecting a resolution plan and appointing the Resolution Professional as the Liquidator. The COC also approved plans for meeting liquidation costs, decided against selling the company as a going concern, fixed the Liquidator's fees, and issued compliance directions. The Liquidator was instructed to publish announcements, file reports, and take possession of assets, with Financial Creditors retaining the right to enforce personal guarantees. The case was concluded with relevant parties receiving copies of the order. Case-Laws Insolvency and Bankruptcy Tue, 24 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392951