https://www.taxtmi.com/caselaws?id=409725 The Adjudicating Authority ordered the liquidation of the Corporate Debtor under Section 33(1)(b) of the Insolvency and Bankruptcy Code after the Committee of Creditors approved the resolution for liquidation due to the absence of viable resolution plans within the specified timeline. Additionally, a fresh valuation of the assets was conducted to determine their current market value, leading to discussions within the CoC. The Resolution Professional was appointed as the Liquidator for the Corporate Debtor to oversee the liquidation process in accordance with the IBC. en-us Wed, 07 Jul 2021 00:00:00 +0530 Thu, 15 Jul 2021 08:03:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409725 The Adjudicating Authority ordered the liquidation of the Corporate Debtor under Section 33(1)(b) of the Insolvency and Bankruptcy Code after the Committee of Creditors approved the resolution for liquidation due to the absence of viable resolution plans within the specified timeline. Additionally, a fresh valuation of the assets was conducted to determine their current market value, leading to discussions within the CoC. The Resolution Professional was appointed as the Liquidator for the Corporate Debtor to oversee the liquidation process in accordance with the IBC. Case-Laws Insolvency and Bankruptcy Wed, 07 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409725