https://www.taxtmi.com/caselaws?id=410630 The Tribunal disposed of IA No. 949/2020, ordering the liquidation of the Corporate Debtor under Section 33(1) of the Insolvency and Bankruptcy Code. The Resolution Professional was appointed as the Liquidator, with directions on legal proceedings, stakeholder cooperation, and compliance with regulatory requirements. The decision highlighted the necessity for liquidation due to the rejection of the sole resolution plan and the absence of alternative proposals within the specified period, emphasizing adherence to procedural and regulatory obligations throughout the liquidation process. en-us Mon, 26 Jul 2021 00:00:00 +0530 Fri, 06 Aug 2021 09:12:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410630 The Tribunal disposed of IA No. 949/2020, ordering the liquidation of the Corporate Debtor under Section 33(1) of the Insolvency and Bankruptcy Code. The Resolution Professional was appointed as the Liquidator, with directions on legal proceedings, stakeholder cooperation, and compliance with regulatory requirements. The decision highlighted the necessity for liquidation due to the rejection of the sole resolution plan and the absence of alternative proposals within the specified period, emphasizing adherence to procedural and regulatory obligations throughout the liquidation process. Case-Laws Insolvency and Bankruptcy Mon, 26 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410630