https://www.taxtmi.com/caselaws?id=395238 The Tribunal ordered the liquidation of corporate debtor Yag Mag Labs P. Ltd. as no resolution plan was received within the stipulated period of the Corporate Insolvency Resolution Process. The resolution professional was appointed as the liquidator to oversee the liquidation process in compliance with the Insolvency and Bankruptcy Code, 2016. Specific directions were given for the liquidator to issue a public announcement, halt the corporate debtor's management powers, submit a preliminary report, and address fee payments and the end of the moratorium effect. en-us Mon, 14 Oct 2019 00:00:00 +0530 Wed, 13 May 2020 10:08:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395238 The Tribunal ordered the liquidation of corporate debtor Yag Mag Labs P. Ltd. as no resolution plan was received within the stipulated period of the Corporate Insolvency Resolution Process. The resolution professional was appointed as the liquidator to oversee the liquidation process in compliance with the Insolvency and Bankruptcy Code, 2016. Specific directions were given for the liquidator to issue a public announcement, halt the corporate debtor's management powers, submit a preliminary report, and address fee payments and the end of the moratorium effect. Case-Laws Insolvency and Bankruptcy Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395238