https://www.taxtmi.com/caselaws?id=398958 The court ordered the liquidation of the Corporate Debtor company under Sections 33(1), 33(2), and 34(1) of the Insolvency & Bankruptcy Code, 2016. Despite efforts to find a resolution plan, none materialized, leading the Committee of Creditors to opt for liquidation with a 100% majority vote. The Resolution Professional was appointed as the Liquidator, with all powers transferred accordingly. The Liquidator was directed to coordinate with authorities, recover debts, and follow the liquidation process regulations. The moratorium was lifted, and the liquidation process was to be carried out as per the specified regulations. The Interlocutory Application for liquidation was allowed and disposed of accordingly. en-us Wed, 24 Jun 2020 00:00:00 +0530 Tue, 29 Sep 2020 06:24:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398958 The court ordered the liquidation of the Corporate Debtor company under Sections 33(1), 33(2), and 34(1) of the Insolvency & Bankruptcy Code, 2016. Despite efforts to find a resolution plan, none materialized, leading the Committee of Creditors to opt for liquidation with a 100% majority vote. The Resolution Professional was appointed as the Liquidator, with all powers transferred accordingly. The Liquidator was directed to coordinate with authorities, recover debts, and follow the liquidation process regulations. The moratorium was lifted, and the liquidation process was to be carried out as per the specified regulations. The Interlocutory Application for liquidation was allowed and disposed of accordingly. Case-Laws Insolvency and Bankruptcy Wed, 24 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398958