https://www.taxtmi.com/caselaws?id=410527 Expiry of the corporate insolvency resolution process without approval or receipt of a resolution plan triggers liquidation as a statutory consequence under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. Where the committee of creditors has approved liquidation and the resolution professional consents to act as liquidator, the Adjudicating Authority is required to order liquidation and appoint the liquidator for conduct of the process under the applicable liquidation framework and regulations. en-us Mon, 26 Jul 2021 00:00:00 +0530 Wed, 04 Aug 2021 08:34:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410527 Expiry of the corporate insolvency resolution process without approval or receipt of a resolution plan triggers liquidation as a statutory consequence under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. Where the committee of creditors has approved liquidation and the resolution professional consents to act as liquidator, the Adjudicating Authority is required to order liquidation and appoint the liquidator for conduct of the process under the applicable liquidation framework and regulations. Case-Laws Insolvency and Bankruptcy Mon, 26 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410527