https://www.taxtmi.com/caselaws?id=407230 The Corporate Debtor faced liquidation proceedings after the Committee of Creditors, reconstituted with a sole Financial Creditor, unanimously voted for liquidation due to the absence of assets and nil cash flow. The Interim Resolution Professional expressed unwillingness to act as a liquidator, prompting the Adjudicating Authority to direct the Insolvency and Bankruptcy Board of India to propose another Insolvency Professional for the role. The proposed professional was appointed as the Liquidator, and further orders were scheduled for 26.04.2021. en-us Fri, 16 Apr 2021 00:00:00 +0530 Tue, 04 May 2021 08:52:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407230 The Corporate Debtor faced liquidation proceedings after the Committee of Creditors, reconstituted with a sole Financial Creditor, unanimously voted for liquidation due to the absence of assets and nil cash flow. The Interim Resolution Professional expressed unwillingness to act as a liquidator, prompting the Adjudicating Authority to direct the Insolvency and Bankruptcy Board of India to propose another Insolvency Professional for the role. The proposed professional was appointed as the Liquidator, and further orders were scheduled for 26.04.2021. Case-Laws Insolvency and Bankruptcy Fri, 16 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407230