https://www.taxtmi.com/caselaws?id=401092 The Tribunal ordered the liquidation of the Corporate Debtor, appointing the Resolution Professional as the Liquidator under sections 33 and 34 of the Insolvency and Bankruptcy Code, 2016. The Tribunal upheld the Committee of Creditors' decision, emphasizing its commercial wisdom, and granted an exemption for the Lockdown period in filing the application. The Tribunal directed the cessation of the moratorium, issuance of a public announcement, and transfer of powers to the Liquidator, with specific instructions for managing the Corporate Debtor's affairs. The application was partially allowed and disposed of, with compliance communication directed to relevant authorities. en-us Mon, 07 Sep 2020 00:00:00 +0530 Mon, 04 Nov 2024 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401092 The Tribunal ordered the liquidation of the Corporate Debtor, appointing the Resolution Professional as the Liquidator under sections 33 and 34 of the Insolvency and Bankruptcy Code, 2016. The Tribunal upheld the Committee of Creditors' decision, emphasizing its commercial wisdom, and granted an exemption for the Lockdown period in filing the application. The Tribunal directed the cessation of the moratorium, issuance of a public announcement, and transfer of powers to the Liquidator, with specific instructions for managing the Corporate Debtor's affairs. The application was partially allowed and disposed of, with compliance communication directed to relevant authorities. Case-Laws IBC Mon, 07 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401092