https://www.taxtmi.com/caselaws?id=405896 The Tribunal approved the liquidation of the Corporate Debtor after no resolution plan was received during the Corporate Insolvency Resolution Process. Despite division among the Committee of Creditors, the Tribunal appointed a Liquidator from the panel provided by the Insolvency and Bankruptcy Board of India to oversee the liquidation process. The Liquidator was tasked with managing assets, issuing public notices, and representing the Corporate Debtor. The judgment directed the Liquidator to follow the Insolvency and Bankruptcy Code and Regulations, cease the moratorium, and take over the powers of the Board of Directors and key managerial personnel for the liquidation process. en-us Fri, 26 Mar 2021 00:00:00 +0530 Thu, 01 Apr 2021 08:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405896 The Tribunal approved the liquidation of the Corporate Debtor after no resolution plan was received during the Corporate Insolvency Resolution Process. Despite division among the Committee of Creditors, the Tribunal appointed a Liquidator from the panel provided by the Insolvency and Bankruptcy Board of India to oversee the liquidation process. The Liquidator was tasked with managing assets, issuing public notices, and representing the Corporate Debtor. The judgment directed the Liquidator to follow the Insolvency and Bankruptcy Code and Regulations, cease the moratorium, and take over the powers of the Board of Directors and key managerial personnel for the liquidation process. Case-Laws Insolvency and Bankruptcy Fri, 26 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405896