https://www.taxtmi.com/caselaws?id=408063 The application for extension of the Corporate Insolvency Resolution Process (CIRP) period was denied, leading to the initiation of liquidation proceedings for the Corporate Debtor. A new Liquidator was appointed with specific responsibilities outlined, including adherence to IBC provisions, financial investigations, and compliance with regulatory requirements. The liquidation process commenced following the cessation of the Moratorium under Section 14 and the initiation of a fresh Moratorium under Section 33(5). Financial creditors, the Corporate Debtor, and the Liquidator were instructed to cooperate in the liquidation process as per the court's order. en-us Wed, 05 May 2021 00:00:00 +0530 Mon, 31 May 2021 08:34:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408063 The application for extension of the Corporate Insolvency Resolution Process (CIRP) period was denied, leading to the initiation of liquidation proceedings for the Corporate Debtor. A new Liquidator was appointed with specific responsibilities outlined, including adherence to IBC provisions, financial investigations, and compliance with regulatory requirements. The liquidation process commenced following the cessation of the Moratorium under Section 14 and the initiation of a fresh Moratorium under Section 33(5). Financial creditors, the Corporate Debtor, and the Liquidator were instructed to cooperate in the liquidation process as per the court's order. Case-Laws Insolvency and Bankruptcy Wed, 05 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408063