https://www.taxtmi.com/caselaws?id=408271 The Tribunal granted the application for liquidation of the Corporate Debtor under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. Despite efforts to find resolution applicants, none expressed interest, leading to the Committee of Creditors recommending liquidation. The Resolution Professional was appointed as the Liquidator, tasked with issuing a public announcement, investigating financial affairs, and submitting a Preliminary Report. The Tribunal accepted the CoC's resolution, ordering the liquidation in accordance with the relevant regulations and directing compliance with statutory procedures. en-us Mon, 24 May 2021 00:00:00 +0530 Sat, 05 Jun 2021 10:40:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408271 The Tribunal granted the application for liquidation of the Corporate Debtor under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. Despite efforts to find resolution applicants, none expressed interest, leading to the Committee of Creditors recommending liquidation. The Resolution Professional was appointed as the Liquidator, tasked with issuing a public announcement, investigating financial affairs, and submitting a Preliminary Report. The Tribunal accepted the CoC's resolution, ordering the liquidation in accordance with the relevant regulations and directing compliance with statutory procedures. Case-Laws Insolvency and Bankruptcy Mon, 24 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408271