https://www.taxtmi.com/caselaws?id=401692 The Tribunal ordered the liquidation of the corporate debtor after the expiration of the Corporate Insolvency Resolution Process (CIRP) period, as no viable resolution plan was received within the specified timelines. The CoC unanimously approved the liquidation process, and the Tribunal appointed the Resolution Professional as the Liquidator. The fair value of assets and liquidation value were assessed, and the liquidation process was directed to commence in accordance with the Insolvency and Bankruptcy Code and relevant regulations. The Liquidator was instructed to submit a Preliminary Report within the specified timeline, concluding the matter with the disposal of the application. en-us Thu, 19 Nov 2020 00:00:00 +0530 Tue, 15 Dec 2020 10:34:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401692 The Tribunal ordered the liquidation of the corporate debtor after the expiration of the Corporate Insolvency Resolution Process (CIRP) period, as no viable resolution plan was received within the specified timelines. The CoC unanimously approved the liquidation process, and the Tribunal appointed the Resolution Professional as the Liquidator. The fair value of assets and liquidation value were assessed, and the liquidation process was directed to commence in accordance with the Insolvency and Bankruptcy Code and relevant regulations. The Liquidator was instructed to submit a Preliminary Report within the specified timeline, concluding the matter with the disposal of the application. Case-Laws Insolvency and Bankruptcy Thu, 19 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401692