https://www.taxtmi.com/caselaws?id=291330 Expiry of the CIRP period without a resolution plan left the pending interlocutory applications without practical scope for adjudication at the resolution stage. The note further states that the West Bengal Protection of Interest of Depositors in Financial Establishments Act, 2013 did not bar the insolvency process merely because some properties were under attachment; however, title and de-attachment issues over such assets had to be pursued under that statute's own framework. It also records that, where the Committee of Creditors approved liquidation and the resolution process failed, the conditions for liquidation under section 33(1) of the Insolvency and Bankruptcy Code, 2016 were satisfied and the corporate debtor was taken into liquidation. en-us Mon, 30 Sep 2019 00:00:00 +0530 Fri, 06 Nov 2020 09:06:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291330 Expiry of the CIRP period without a resolution plan left the pending interlocutory applications without practical scope for adjudication at the resolution stage. The note further states that the West Bengal Protection of Interest of Depositors in Financial Establishments Act, 2013 did not bar the insolvency process merely because some properties were under attachment; however, title and de-attachment issues over such assets had to be pursued under that statute's own framework. It also records that, where the Committee of Creditors approved liquidation and the resolution process failed, the conditions for liquidation under section 33(1) of the Insolvency and Bankruptcy Code, 2016 were satisfied and the corporate debtor was taken into liquidation. Case-Laws Insolvency and Bankruptcy Mon, 30 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291330