https://www.taxtmi.com/caselaws?id=405140 The Tribunal ordered immediate liquidation of the Corporate Debtor under Section 33(1) of IBC, 2016, following the Committee of Creditors' unanimous decision to ratify the liquidation application and recommend the Resolution Professional as the Liquidator. The Resolution Professional was appointed as the Liquidator, granted full authority to manage the company's affairs, represent the Corporate Debtor, and seek directions from the Adjudicating Authority. The Tribunal approved the Committee of Creditors' resolutions, outlining the liquidation process, estimated costs, and financial institution contributions, marking the end of the moratorium. en-us Fri, 05 Mar 2021 00:00:00 +0530 Fri, 12 Mar 2021 08:38:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405140 The Tribunal ordered immediate liquidation of the Corporate Debtor under Section 33(1) of IBC, 2016, following the Committee of Creditors' unanimous decision to ratify the liquidation application and recommend the Resolution Professional as the Liquidator. The Resolution Professional was appointed as the Liquidator, granted full authority to manage the company's affairs, represent the Corporate Debtor, and seek directions from the Adjudicating Authority. The Tribunal approved the Committee of Creditors' resolutions, outlining the liquidation process, estimated costs, and financial institution contributions, marking the end of the moratorium. Case-Laws Insolvency and Bankruptcy Fri, 05 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405140