https://www.taxtmi.com/caselaws?id=291503 The Tribunal ordered the liquidation of the Corporate Debtor (CD) due to the rejection of the resolution plan by the Committee of Creditors (CoC) and in accordance with the Insolvency and Bankruptcy Code. The Liquidator was appointed to oversee the liquidation process, investigate financial affairs, issue public announcements, and comply with regulatory requirements. This decision aligns with commercial considerations and legal precedents, leading to the initiation of the liquidation process under Section 33(1)(a) of the IBC. en-us Mon, 23 Sep 2019 00:00:00 +0530 Fri, 13 Nov 2020 06:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291503 The Tribunal ordered the liquidation of the Corporate Debtor (CD) due to the rejection of the resolution plan by the Committee of Creditors (CoC) and in accordance with the Insolvency and Bankruptcy Code. The Liquidator was appointed to oversee the liquidation process, investigate financial affairs, issue public announcements, and comply with regulatory requirements. This decision aligns with commercial considerations and legal precedents, leading to the initiation of the liquidation process under Section 33(1)(a) of the IBC. Case-Laws Insolvency and Bankruptcy Mon, 23 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291503