https://www.taxtmi.com/caselaws?id=399250 The Tribunal ordered the liquidation of the Corporate Debtor under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, appointing Mr. Bhavesh Rathod as the Liquidator. This decision was made due to the completion of the Corporate Insolvency Resolution Process (CIRP) period without receiving any Resolution Plans from Prospective Resolution Applicants. The CoC's resolution to appoint a Liquidator with a voting share percentage of 60.47% was upheld, and consequential directions included the cessation of moratorium, transfer of powers to the Liquidator, and compliance with the relevant regulations for the liquidation process. en-us Mon, 05 Oct 2020 00:00:00 +0530 Wed, 07 Oct 2020 11:14:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399250 The Tribunal ordered the liquidation of the Corporate Debtor under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016, appointing Mr. Bhavesh Rathod as the Liquidator. This decision was made due to the completion of the Corporate Insolvency Resolution Process (CIRP) period without receiving any Resolution Plans from Prospective Resolution Applicants. The CoC's resolution to appoint a Liquidator with a voting share percentage of 60.47% was upheld, and consequential directions included the cessation of moratorium, transfer of powers to the Liquidator, and compliance with the relevant regulations for the liquidation process. Case-Laws Insolvency and Bankruptcy Mon, 05 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399250