https://www.taxtmi.com/caselaws?id=410691 The Tribunal ordered the liquidation of the corporate debtor under section 33 of the Insolvency and Bankruptcy Code, 2016, due to the rejection of the resolution plan by the Committee of Creditors (CoC). Despite efforts to seek an extension and explore resolution options, the CoC members voted against any viable plan, leading to the appointment of a liquidator. The appointed liquidator was tasked with conducting the liquidation process in compliance with the IBC, 2016, and relevant regulations, with the moratorium lifted and a new moratorium initiated under section 33(5) of the IBC. en-us Thu, 08 Apr 2021 00:00:00 +0530 Sat, 20 Nov 2021 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410691 The Tribunal ordered the liquidation of the corporate debtor under section 33 of the Insolvency and Bankruptcy Code, 2016, due to the rejection of the resolution plan by the Committee of Creditors (CoC). Despite efforts to seek an extension and explore resolution options, the CoC members voted against any viable plan, leading to the appointment of a liquidator. The appointed liquidator was tasked with conducting the liquidation process in compliance with the IBC, 2016, and relevant regulations, with the moratorium lifted and a new moratorium initiated under section 33(5) of the IBC. Case-Laws Insolvency and Bankruptcy Thu, 08 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410691