https://www.taxtmi.com/caselaws?id=396627 The Tribunal rejected the impleading of the Government of Jharkhand in the Corporate Insolvency Resolution Process (CIRP) proceedings, upheld the Resolution Professional's actions as compliant with the Insolvency and Bankruptcy Code, 2016, supported the decision to liquidate the Corporate Debtor due to non-operational status, approved the validity of debt assignments and related party transactions, and dismissed objections from workers and operational creditors. The Tribunal ordered the liquidation of the Corporate Debtor, appointing a Liquidator to proceed with the process in accordance with the IBC, 2016, prioritizing workers' interests and upholding the CoC's decision. en-us Fri, 07 Feb 2020 00:00:00 +0530 Tue, 14 Jul 2020 11:26:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396627 The Tribunal rejected the impleading of the Government of Jharkhand in the Corporate Insolvency Resolution Process (CIRP) proceedings, upheld the Resolution Professional's actions as compliant with the Insolvency and Bankruptcy Code, 2016, supported the decision to liquidate the Corporate Debtor due to non-operational status, approved the validity of debt assignments and related party transactions, and dismissed objections from workers and operational creditors. The Tribunal ordered the liquidation of the Corporate Debtor, appointing a Liquidator to proceed with the process in accordance with the IBC, 2016, prioritizing workers' interests and upholding the CoC's decision. Case-Laws Insolvency and Bankruptcy Fri, 07 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396627