https://www.taxtmi.com/caselaws?id=399244 Where no compliant resolution plan was approved in the corporate insolvency process, the committee of creditors unanimously authorised liquidation and approved the resolution professional's appointment as liquidator. On those facts, the statutory preconditions for liquidation under the Insolvency and Bankruptcy Code, 2016 were satisfied, and liquidation of the corporate debtor was ordered. The insolvency resolution process was brought to an end, the moratorium ceased to operate, and the liquidation process was directed to proceed under the Code and applicable liquidation regulations. en-us Wed, 05 Feb 2020 00:00:00 +0530 Wed, 07 Oct 2020 11:12:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399244 Where no compliant resolution plan was approved in the corporate insolvency process, the committee of creditors unanimously authorised liquidation and approved the resolution professional's appointment as liquidator. On those facts, the statutory preconditions for liquidation under the Insolvency and Bankruptcy Code, 2016 were satisfied, and liquidation of the corporate debtor was ordered. The insolvency resolution process was brought to an end, the moratorium ceased to operate, and the liquidation process was directed to proceed under the Code and applicable liquidation regulations. Case-Laws Insolvency and Bankruptcy Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399244