https://www.taxtmi.com/caselaws?id=287199 The National Company Law Tribunal - Chennai Bench ordered the liquidation of M/s. BKR Hotels and Resorts P. Ltd. following the rejection of resolution plans by the Committee of Creditors. With a 95.90% vote in favor of liquidation, the Resolution Professional was appointed as the company liquidator, and the moratorium was lifted. Legal proceedings against the debtor required the liquidator's approval, and employees were instructed to cooperate. The order mandated compliance with relevant authorities and marked the commencement of liquidation proceedings under section 33 of the Insolvency and Bankruptcy Code, 2016. en-us Fri, 03 May 2019 00:00:00 +0530 Fri, 03 Apr 2020 10:52:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287199 The National Company Law Tribunal - Chennai Bench ordered the liquidation of M/s. BKR Hotels and Resorts P. Ltd. following the rejection of resolution plans by the Committee of Creditors. With a 95.90% vote in favor of liquidation, the Resolution Professional was appointed as the company liquidator, and the moratorium was lifted. Legal proceedings against the debtor required the liquidator's approval, and employees were instructed to cooperate. The order mandated compliance with relevant authorities and marked the commencement of liquidation proceedings under section 33 of the Insolvency and Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287199