https://www.taxtmi.com/caselaws?id=291504 The Adjudicating Authority admitted the petition for Corporate Insolvency Resolution Process (CIRP) under section 9 of the Insolvency and Bankruptcy Code, 2016, appointing an Interim Resolution Professional (IRP) initially. Subsequently, the Resolution Professional (RP) replaced the IRP. With no resolution plans received during the process, the RP applied for liquidation under sections 33(1) and 33(2) of the Code. The Committee of Creditors (CoC) approved liquidation proceedings, appointing the RP as the Liquidator. The Liquidator was directed to attempt to sell the company as a going concern and follow asset sale regulations if unsuccessful, with requisite public announcements and notifications. en-us Mon, 30 Sep 2019 00:00:00 +0530 Fri, 13 Nov 2020 06:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291504 The Adjudicating Authority admitted the petition for Corporate Insolvency Resolution Process (CIRP) under section 9 of the Insolvency and Bankruptcy Code, 2016, appointing an Interim Resolution Professional (IRP) initially. Subsequently, the Resolution Professional (RP) replaced the IRP. With no resolution plans received during the process, the RP applied for liquidation under sections 33(1) and 33(2) of the Code. The Committee of Creditors (CoC) approved liquidation proceedings, appointing the RP as the Liquidator. The Liquidator was directed to attempt to sell the company as a going concern and follow asset sale regulations if unsuccessful, with requisite public announcements and notifications. Case-Laws Insolvency and Bankruptcy Mon, 30 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291504