https://www.taxtmi.com/caselaws?id=296974 Liquidation under the Insolvency and Bankruptcy Code is triggered where the corporate insolvency resolution process has concluded, the Committee of Creditors has approved liquidation with the requisite majority, and no viable resolution plan is available for approval. On the stated facts, those statutory prerequisites were treated as satisfied, so further deferment was considered unwarranted. The corporate debtor was ordered into liquidation, and the existing resolution professional was appointed as liquidator. en-us Mon, 06 Jan 2020 00:00:00 +0530 Fri, 13 Aug 2021 21:22:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296974 Liquidation under the Insolvency and Bankruptcy Code is triggered where the corporate insolvency resolution process has concluded, the Committee of Creditors has approved liquidation with the requisite majority, and no viable resolution plan is available for approval. On the stated facts, those statutory prerequisites were treated as satisfied, so further deferment was considered unwarranted. The corporate debtor was ordered into liquidation, and the existing resolution professional was appointed as liquidator. Case-Laws Insolvency and Bankruptcy Mon, 06 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296974