https://www.taxtmi.com/caselaws?id=410236 The Tribunal allowed the liquidation application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, as the Corporate Insolvency Resolution Process expired without a resolution plan, leading to liquidation. Despite the absence of a Committee of Creditors vote, the Tribunal found genuine reasons for liquidation initiation. The Resolution Professional was appointed as the Liquidator. The valuation of assets by Registered Valuers played a crucial role. Detailed directions were provided for the conduct of liquidation proceedings, emphasizing adherence to the Code's provisions and regulations. en-us Fri, 09 Jul 2021 00:00:00 +0530 Wed, 28 Jul 2021 08:49:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410236 The Tribunal allowed the liquidation application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, as the Corporate Insolvency Resolution Process expired without a resolution plan, leading to liquidation. Despite the absence of a Committee of Creditors vote, the Tribunal found genuine reasons for liquidation initiation. The Resolution Professional was appointed as the Liquidator. The valuation of assets by Registered Valuers played a crucial role. Detailed directions were provided for the conduct of liquidation proceedings, emphasizing adherence to the Code's provisions and regulations. Case-Laws Insolvency and Bankruptcy Fri, 09 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410236