https://www.taxtmi.com/caselaws?id=399290 The court allowed the application for liquidation under section 33(2) of the Insolvency and Bankruptcy Code, 2016. The Resolution Professional was appointed as the Liquidator for the Corporate Debtor. The Adjudicating Authority emphasized the CoC's discretion in maximizing asset value and determining creditor payments, ordering the cessation of moratorium, public announcement of liquidation, prohibition of legal proceedings against the Debtor except by the Liquidator, transfer of management powers to the Liquidator, and authorization for the Liquidator to charge fees for the liquidation proceedings. en-us Mon, 10 Feb 2020 00:00:00 +0530 Thu, 08 Oct 2020 11:43:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399290 The court allowed the application for liquidation under section 33(2) of the Insolvency and Bankruptcy Code, 2016. The Resolution Professional was appointed as the Liquidator for the Corporate Debtor. The Adjudicating Authority emphasized the CoC's discretion in maximizing asset value and determining creditor payments, ordering the cessation of moratorium, public announcement of liquidation, prohibition of legal proceedings against the Debtor except by the Liquidator, transfer of management powers to the Liquidator, and authorization for the Liquidator to charge fees for the liquidation proceedings. Case-Laws Insolvency and Bankruptcy Mon, 10 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399290