https://www.taxtmi.com/caselaws?id=399292 The application under Section 33(1) and 33(2) of the Insolvency and Bankruptcy Code for the liquidation of the Corporate Debtor was allowed. The Committee of Creditors unanimously passed a resolution for liquidation as no viable resolution plan was received. The Adjudicating Authority ordered the cessation of moratorium, public announcement for liquidation, and transfer of powers to the Liquidator. Legal proceedings against the Corporate Debtor were restricted, and the Liquidator was directed to manage its affairs with specified fees. The Company Liquidator's powers and duties were outlined as per the IBC. en-us Fri, 28 Feb 2020 00:00:00 +0530 Thu, 08 Oct 2020 11:43:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399292 The application under Section 33(1) and 33(2) of the Insolvency and Bankruptcy Code for the liquidation of the Corporate Debtor was allowed. The Committee of Creditors unanimously passed a resolution for liquidation as no viable resolution plan was received. The Adjudicating Authority ordered the cessation of moratorium, public announcement for liquidation, and transfer of powers to the Liquidator. Legal proceedings against the Corporate Debtor were restricted, and the Liquidator was directed to manage its affairs with specified fees. The Company Liquidator's powers and duties were outlined as per the IBC. Case-Laws Insolvency and Bankruptcy Fri, 28 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399292