https://www.taxtmi.com/caselaws?id=398914 The court allowed the application for liquidation under sections 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, 2016. As no viable Resolution Plans were received, and the Corporate Debtor had no running business, the Committee of Creditors resolved for liquidation. The court upheld the CoC's decision, citing legal precedents, and ordered the appointment of a Liquidator. The moratorium under Section 14 of the IB Code ceased upon liquidation, and the Liquidator assumed control over the Corporate Debtor's affairs, with specified directives for the liquidation process. en-us Mon, 10 Feb 2020 00:00:00 +0530 Mon, 28 Sep 2020 08:43:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398914 The court allowed the application for liquidation under sections 33(1), 33(2), and 34(1) of the Insolvency and Bankruptcy Code, 2016. As no viable Resolution Plans were received, and the Corporate Debtor had no running business, the Committee of Creditors resolved for liquidation. The court upheld the CoC's decision, citing legal precedents, and ordered the appointment of a Liquidator. The moratorium under Section 14 of the IB Code ceased upon liquidation, and the Liquidator assumed control over the Corporate Debtor's affairs, with specified directives for the liquidation process. Case-Laws Insolvency and Bankruptcy Mon, 10 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398914