https://www.taxtmi.com/caselaws?id=408148 The NCLAT upheld the NCLT's decision to allow the Liquidator to proceed with the liquidation of the Corporate Debtor as no revival efforts were successful, despite attempts under Section 230 of the Companies Act, 2013. The Tribunal rejected the request to exclude 367 days from the liquidation timeline, stating that the Liquidator had ample time to complete the process diligently. The Liquidator was directed to continue with the liquidation process as per the original orders, and the application connected to the case was disposed of. en-us Fri, 11 Sep 2020 00:00:00 +0530 Wed, 02 Jun 2021 08:38:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408148 The NCLAT upheld the NCLT's decision to allow the Liquidator to proceed with the liquidation of the Corporate Debtor as no revival efforts were successful, despite attempts under Section 230 of the Companies Act, 2013. The Tribunal rejected the request to exclude 367 days from the liquidation timeline, stating that the Liquidator had ample time to complete the process diligently. The Liquidator was directed to continue with the liquidation process as per the original orders, and the application connected to the case was disposed of. Case-Laws Insolvency and Bankruptcy Fri, 11 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408148