https://www.taxtmi.com/caselaws?id=409305 A Corporate Debtor may be taken into liquidation under section 33(2) of the Insolvency and Bankruptcy Code, 2016 where the Committee of Creditors has validly resolved to liquidate it before any resolution plan is confirmed. Here, the CoC approved liquidation by unanimous voting, the Resolution Professional consented to act as Liquidator under section 34(1), and liquidation was ordered with the Resolution Professional appointed as Liquidator. Ancillary prayers concerning sale structure and consolidated hearing with another matter were declined as not fit for grant at that stage. en-us Mon, 28 Jun 2021 00:00:00 +0530 Mon, 05 Jul 2021 08:26:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409305 A Corporate Debtor may be taken into liquidation under section 33(2) of the Insolvency and Bankruptcy Code, 2016 where the Committee of Creditors has validly resolved to liquidate it before any resolution plan is confirmed. Here, the CoC approved liquidation by unanimous voting, the Resolution Professional consented to act as Liquidator under section 34(1), and liquidation was ordered with the Resolution Professional appointed as Liquidator. Ancillary prayers concerning sale structure and consolidated hearing with another matter were declined as not fit for grant at that stage. Case-Laws Insolvency and Bankruptcy Mon, 28 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409305