https://www.taxtmi.com/caselaws?id=400760 The Corporate Insolvency Resolution process for Krishna Industrial Corporation Ltd. culminated in a unanimous decision by the Committee of Creditors to liquidate the company due to inactivity and lack of investor interest. The resolution professional was appointed as the liquidator, following the absence of a resolution plan within the specified timeframe. The court issued a liquidation order appointing the resolution professional as the liquidator, with instructions to adhere to legal requirements, issue public announcements, investigate financial matters, and initiate the liquidation process as per the Insolvency and Bankruptcy Code, 2016. en-us Mon, 27 Jul 2020 00:00:00 +0530 Mon, 04 Jan 2021 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400760 The Corporate Insolvency Resolution process for Krishna Industrial Corporation Ltd. culminated in a unanimous decision by the Committee of Creditors to liquidate the company due to inactivity and lack of investor interest. The resolution professional was appointed as the liquidator, following the absence of a resolution plan within the specified timeframe. The court issued a liquidation order appointing the resolution professional as the liquidator, with instructions to adhere to legal requirements, issue public announcements, investigate financial matters, and initiate the liquidation process as per the Insolvency and Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Mon, 27 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400760