https://www.taxtmi.com/caselaws?id=404386 Liquidation under the Insolvency and Bankruptcy Code follows where the committee of creditors resolves that revival is infeasible and the resolution professional communicates that decision to the Adjudicating Authority in accordance with the statutory framework. The application remained within the CIRP timeline after exclusion of the lockdown period. The resolution professional, being eligible and consenting to act, may be appointed liquidator. Liquidation administration requires compliance with requirements concerning invitation and verification of claims, liquidation costs, potential sale as a going concern, and reporting obligations under the liquidation regulations. en-us Thu, 26 Nov 2020 00:00:00 +0530 Tue, 23 Feb 2021 09:16:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404386 Liquidation under the Insolvency and Bankruptcy Code follows where the committee of creditors resolves that revival is infeasible and the resolution professional communicates that decision to the Adjudicating Authority in accordance with the statutory framework. The application remained within the CIRP timeline after exclusion of the lockdown period. The resolution professional, being eligible and consenting to act, may be appointed liquidator. Liquidation administration requires compliance with requirements concerning invitation and verification of claims, liquidation costs, potential sale as a going concern, and reporting obligations under the liquidation regulations. Case-Laws Insolvency and Bankruptcy Thu, 26 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404386