https://www.taxtmi.com/caselaws?id=403969 The Tribunal directed liquidation of the corporate debtor after a committee of creditors resolution supported by 100% voting share and found no realistic prospect of revival. It noted that the company had been defunct for a long period, had no traceable directors or employees on record, and had not filed statutory returns for years. On that basis, the Tribunal held that the requirements for liquidation were satisfied and appointed the resolution professional as liquidator, having received consent to act in that capacity. en-us Fri, 05 Feb 2021 00:00:00 +0530 Tue, 29 Oct 2024 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403969 The Tribunal directed liquidation of the corporate debtor after a committee of creditors resolution supported by 100% voting share and found no realistic prospect of revival. It noted that the company had been defunct for a long period, had no traceable directors or employees on record, and had not filed statutory returns for years. On that basis, the Tribunal held that the requirements for liquidation were satisfied and appointed the resolution professional as liquidator, having received consent to act in that capacity. Case-Laws IBC Fri, 05 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403969