https://www.taxtmi.com/caselaws?id=296822 The Adjudicating Authority ordered the liquidation of the Corporate Debtor, M/s. GB Engineering Enterprises Private Limited, under Section 33 of the Insolvency and Bankruptcy Code, 2016. Despite efforts to secure a Resolution Plan, none was forthcoming due to minimal operations, high fixed expenses, lack of cooperation, and mounting liabilities. The Committee of Creditors supported the decision, leading to the appointment of the Resolution Professional as the Liquidator. The order detailed the transfer of powers, duties, and compliance requirements for the liquidation process. en-us Mon, 06 Aug 2018 00:00:00 +0530 Mon, 09 Aug 2021 08:52:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296822 The Adjudicating Authority ordered the liquidation of the Corporate Debtor, M/s. GB Engineering Enterprises Private Limited, under Section 33 of the Insolvency and Bankruptcy Code, 2016. Despite efforts to secure a Resolution Plan, none was forthcoming due to minimal operations, high fixed expenses, lack of cooperation, and mounting liabilities. The Committee of Creditors supported the decision, leading to the appointment of the Resolution Professional as the Liquidator. The order detailed the transfer of powers, duties, and compliance requirements for the liquidation process. Case-Laws Insolvency and Bankruptcy Mon, 06 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296822