https://www.taxtmi.com/caselaws?id=405020 Where no approved resolution plan is received and the committee of creditors unanimously concludes that the corporate debtor has no prospects of revival, liquidation is warranted under the Insolvency and Bankruptcy Code, 2016 and the applicable resolution and liquidation regulations. On compliance with the statutory requirements, the tribunal considered the matter fit for a liquidation order under section 33(1) and directed liquidation of the corporate debtor. The proposed liquidator's consent to act in that capacity was also recorded, and the applicant was appointed as liquidator. en-us Thu, 03 Dec 2020 00:00:00 +0530 Wed, 10 Mar 2021 08:28:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405020 Where no approved resolution plan is received and the committee of creditors unanimously concludes that the corporate debtor has no prospects of revival, liquidation is warranted under the Insolvency and Bankruptcy Code, 2016 and the applicable resolution and liquidation regulations. On compliance with the statutory requirements, the tribunal considered the matter fit for a liquidation order under section 33(1) and directed liquidation of the corporate debtor. The proposed liquidator's consent to act in that capacity was also recorded, and the applicant was appointed as liquidator. Case-Laws Insolvency and Bankruptcy Thu, 03 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405020