https://www.taxtmi.com/caselaws?id=410337 The Tribunal found the statutory requirements for liquidation under the Insolvency and Bankruptcy Code satisfied where the Committee of Creditors had resolved to liquidate the corporate debtor, no viable resolution plan had emerged despite repeated invitations, and claims had been invited through public announcement. In the absence of opposition and with written consent of the proposed professional, liquidation was ordered and the proposed professional was appointed as liquidator. Directions were issued for commencement and conduct of liquidation, including cessation of the earlier moratorium and compliance with the liquidation regulations. en-us Tue, 20 Jul 2021 00:00:00 +0530 Fri, 30 Jul 2021 09:09:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410337 The Tribunal found the statutory requirements for liquidation under the Insolvency and Bankruptcy Code satisfied where the Committee of Creditors had resolved to liquidate the corporate debtor, no viable resolution plan had emerged despite repeated invitations, and claims had been invited through public announcement. In the absence of opposition and with written consent of the proposed professional, liquidation was ordered and the proposed professional was appointed as liquidator. Directions were issued for commencement and conduct of liquidation, including cessation of the earlier moratorium and compliance with the liquidation regulations. Case-Laws Insolvency and Bankruptcy Tue, 20 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410337