https://www.taxtmi.com/caselaws?id=408795 The application for dissolution of a corporate debtor under section 54 of the Insolvency and Bankruptcy Code, 2016 was granted by the Adjudicating Authority. The Committee of Creditors resolved for liquidation due to lack of revival prospects and assets, leading to the decision for dissolution by the stakeholders' consultation committee. The liquidator's application was approved, resulting in the dissolution of the corporate debtor, discharge of the liquidator, and communication of the order to relevant authorities. The petition was allowed, with no costs awarded, and the entire liquidation process was completed within the statutory timeline. en-us Tue, 20 Apr 2021 00:00:00 +0530 Tue, 16 Nov 2021 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408795 The application for dissolution of a corporate debtor under section 54 of the Insolvency and Bankruptcy Code, 2016 was granted by the Adjudicating Authority. The Committee of Creditors resolved for liquidation due to lack of revival prospects and assets, leading to the decision for dissolution by the stakeholders' consultation committee. The liquidator's application was approved, resulting in the dissolution of the corporate debtor, discharge of the liquidator, and communication of the order to relevant authorities. The petition was allowed, with no costs awarded, and the entire liquidation process was completed within the statutory timeline. Case-Laws Insolvency and Bankruptcy Tue, 20 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408795