https://www.taxtmi.com/caselaws?id=400684 The Tribunal upheld the liquidation order due to the absence of a resolution plan within the stipulated time, noting the financial losses and lack of cooperation in the Corporate Insolvency Resolution Process (CIRP). However, it set aside the dismissal of the application to replace the Resolution Professional, remitting the matter to appoint a new Liquidator as proposed by the Committee of Creditors (CoC) or another professional from IBBI to address concerns and ensure a proper transition. en-us Mon, 09 Nov 2020 00:00:00 +0530 Thu, 12 Nov 2020 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400684 The Tribunal upheld the liquidation order due to the absence of a resolution plan within the stipulated time, noting the financial losses and lack of cooperation in the Corporate Insolvency Resolution Process (CIRP). However, it set aside the dismissal of the application to replace the Resolution Professional, remitting the matter to appoint a new Liquidator as proposed by the Committee of Creditors (CoC) or another professional from IBBI to address concerns and ensure a proper transition. Case-Laws Insolvency and Bankruptcy Mon, 09 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400684