https://www.taxtmi.com/caselaws?id=401692 Liquidation of the corporate debtor was ordered after the extended corporate insolvency resolution process ended without any approved resolution plan. Repeated invitations for expression of interest were issued, a prospective resolution applicant withdrew, and no resolution plan was received within the extended period. The committee of creditors also unanimously resolved to proceed with liquidation. On these facts, the statutory condition for liquidation under the insolvency code was treated as satisfied. 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 Liquidation of the corporate debtor was ordered after the extended corporate insolvency resolution process ended without any approved resolution plan. Repeated invitations for expression of interest were issued, a prospective resolution applicant withdrew, and no resolution plan was received within the extended period. The committee of creditors also unanimously resolved to proceed with liquidation. On these facts, the statutory condition for liquidation under the insolvency code was treated as satisfied. Case-Laws Insolvency and Bankruptcy Thu, 19 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401692