https://www.taxtmi.com/caselaws?id=399196 The Tribunal ordered the immediate liquidation of the company under the Insolvency and Bankruptcy Code, appointing the Resolution Professional as the Liquidator. The decision stemmed from factors such as project delays, pending litigations, lack of approvals, and market conditions. Non-cooperation from suspended directors led to seeking police assistance for document collection. The order emphasized adherence to relevant IBC provisions, with instructions for the liquidation process and control of company records. The decision aimed to maximize stakeholder value and protect creditor interests through a comprehensive approach. en-us Wed, 16 Sep 2020 00:00:00 +0530 Tue, 06 Oct 2020 11:45:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399196 The Tribunal ordered the immediate liquidation of the company under the Insolvency and Bankruptcy Code, appointing the Resolution Professional as the Liquidator. The decision stemmed from factors such as project delays, pending litigations, lack of approvals, and market conditions. Non-cooperation from suspended directors led to seeking police assistance for document collection. The order emphasized adherence to relevant IBC provisions, with instructions for the liquidation process and control of company records. The decision aimed to maximize stakeholder value and protect creditor interests through a comprehensive approach. Case-Laws Insolvency and Bankruptcy Wed, 16 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399196