https://www.taxtmi.com/caselaws?id=404347 The Tribunal dismissed the applications seeking liquidation of the Corporate Debtor, appointment of a liquidator, remuneration to the Chairman of the Monitoring Committee, withdrawal of the approved Resolution Plan, forfeiture of the Performance Guarantee, and refund of the Deposit amount. The Tribunal held that it could not order liquidation or refund the Deposit amount as it had become functus officio after approving the Resolution Plan. Parties were advised to seek further directions as per the IBBI Regulations from the appropriate forum. en-us Wed, 10 Feb 2021 00:00:00 +0530 Sun, 21 Feb 2021 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404347 The Tribunal dismissed the applications seeking liquidation of the Corporate Debtor, appointment of a liquidator, remuneration to the Chairman of the Monitoring Committee, withdrawal of the approved Resolution Plan, forfeiture of the Performance Guarantee, and refund of the Deposit amount. The Tribunal held that it could not order liquidation or refund the Deposit amount as it had become functus officio after approving the Resolution Plan. Parties were advised to seek further directions as per the IBBI Regulations from the appropriate forum. Case-Laws Insolvency and Bankruptcy Wed, 10 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404347