https://www.taxtmi.com/caselaws?id=407762 Where the Committee of Creditors validly resolves before approval of a resolution plan to liquidate a corporate debtor with the requisite voting share, section 33(2) of the Insolvency and Bankruptcy Code requires the Adjudicating Authority to order liquidation. Section 34(1) also permits appointment of the Resolution Professional as Liquidator, provided the statutory conditions are met, including possession of a valid Authorisation for Assignment under the applicable regulations. On the stated facts, the CoC resolution carried 99.99% voting share and the Resolution Professional consented to act, so liquidation was directed and the Resolution Professional was appointed as Liquidator subject to compliance with statutory requirements. en-us Thu, 18 Mar 2021 00:00:00 +0530 Fri, 21 May 2021 08:29:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407762 Where the Committee of Creditors validly resolves before approval of a resolution plan to liquidate a corporate debtor with the requisite voting share, section 33(2) of the Insolvency and Bankruptcy Code requires the Adjudicating Authority to order liquidation. Section 34(1) also permits appointment of the Resolution Professional as Liquidator, provided the statutory conditions are met, including possession of a valid Authorisation for Assignment under the applicable regulations. On the stated facts, the CoC resolution carried 99.99% voting share and the Resolution Professional consented to act, so liquidation was directed and the Resolution Professional was appointed as Liquidator subject to compliance with statutory requirements. Case-Laws Insolvency and Bankruptcy Thu, 18 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407762