https://www.taxtmi.com/caselaws?id=398777 The Tribunal allowed the application for liquidation under the Insolvency and Bankruptcy Code, 2016, initiating the liquidation process for the Corporate Debtor. The Resolution Professional was designated as the Liquidator, and various orders related to the liquidation process were passed to facilitate a smooth transition. The Commercial Court upheld the decision of the Committee of Creditors for liquidation, emphasizing the CoC's commercial wisdom and discretion in maximizing the asset value of the Corporate Debtor. en-us Mon, 03 Aug 2020 00:00:00 +0530 Thu, 24 Sep 2020 09:55:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398777 The Tribunal allowed the application for liquidation under the Insolvency and Bankruptcy Code, 2016, initiating the liquidation process for the Corporate Debtor. The Resolution Professional was designated as the Liquidator, and various orders related to the liquidation process were passed to facilitate a smooth transition. The Commercial Court upheld the decision of the Committee of Creditors for liquidation, emphasizing the CoC's commercial wisdom and discretion in maximizing the asset value of the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Mon, 03 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398777