https://www.taxtmi.com/caselaws?id=398876 The Tribunal ordered the liquidation of the Corporate Debtor, M/s. Beta Infratech Private Limited, as the Committee of Creditors (CoC) decided to move towards liquidation due to the absence of any approved resolution plan within the statutory period, despite multiple extensions. The CoC's decision was upheld by the Tribunal, emphasizing strict adherence to the provisions of the Insolvency and Bankruptcy Code, 2016. Detailed directions for the liquidation process were provided, including the appointment of a Liquidator and compliance with statutory timelines. The Tribunal disposed of the application in favor of liquidation, following the CoC's decision based on the Code's requirements. en-us Fri, 24 Jul 2020 00:00:00 +0530 Sat, 26 Sep 2020 11:41:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398876 The Tribunal ordered the liquidation of the Corporate Debtor, M/s. Beta Infratech Private Limited, as the Committee of Creditors (CoC) decided to move towards liquidation due to the absence of any approved resolution plan within the statutory period, despite multiple extensions. The CoC's decision was upheld by the Tribunal, emphasizing strict adherence to the provisions of the Insolvency and Bankruptcy Code, 2016. Detailed directions for the liquidation process were provided, including the appointment of a Liquidator and compliance with statutory timelines. The Tribunal disposed of the application in favor of liquidation, following the CoC's decision based on the Code's requirements. Case-Laws Insolvency and Bankruptcy Fri, 24 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398876