https://www.taxtmi.com/caselaws?id=288546 The court ordered the appointment of a Liquidator and initiation of liquidation proceedings for the Corporate Debtor, Powercon Projects & Association Limited, due to the failure to secure a resolution plan within the stipulated period under the Insolvency and Bankruptcy Code, 2016. The judgment emphasized the importance of Committee of Creditors' approval for expenses and adherence to regulatory requirements in the liquidation process, directing reimbursement of costs incurred in the Corporate Insolvency Resolution Process initiation and outlining the Liquidator's responsibilities. en-us Tue, 08 Jan 2019 00:00:00 +0530 Tue, 16 Jun 2020 10:12:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288546 The court ordered the appointment of a Liquidator and initiation of liquidation proceedings for the Corporate Debtor, Powercon Projects & Association Limited, due to the failure to secure a resolution plan within the stipulated period under the Insolvency and Bankruptcy Code, 2016. The judgment emphasized the importance of Committee of Creditors' approval for expenses and adherence to regulatory requirements in the liquidation process, directing reimbursement of costs incurred in the Corporate Insolvency Resolution Process initiation and outlining the Liquidator's responsibilities. Case-Laws Insolvency and Bankruptcy Tue, 08 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288546