https://www.taxtmi.com/caselaws?id=294003 The National Company Law Tribunal rejected the resolution plans and ordered the liquidation of the corporate debtor. The resolution plan submitted was found ineligible, leading to the appointment of a liquidator to oversee the liquidation process in accordance with the Insolvency and Bankruptcy Code. The rejection of the plans resulted in the cessation of powers of the board of directors and key managerial personnel, with instructions for cooperation with the liquidator in the liquidation proceedings. en-us Tue, 26 May 2020 00:00:00 +0530 Sun, 14 Mar 2021 20:15:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294003 The National Company Law Tribunal rejected the resolution plans and ordered the liquidation of the corporate debtor. The resolution plan submitted was found ineligible, leading to the appointment of a liquidator to oversee the liquidation process in accordance with the Insolvency and Bankruptcy Code. The rejection of the plans resulted in the cessation of powers of the board of directors and key managerial personnel, with instructions for cooperation with the liquidator in the liquidation proceedings. Case-Laws Insolvency and Bankruptcy Tue, 26 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294003