https://www.taxtmi.com/caselaws?id=411111 Where no resolution plan had emerged in the corporate insolvency resolution process and the committee of creditors unanimously resolved to liquidate the corporate debtor in exercise of commercial wisdom, the statutory requirements for liquidation under the Insolvency and Bankruptcy Code, 2016 were satisfied. The Tribunal also noted that the proposed liquidator had given consent and the requisite authorization for assignment. Liquidation was ordered, the resolution professional was appointed as liquidator, and consequential directions were issued for publication, employee discharge, cessation of the existing moratorium, commencement of the liquidation moratorium, transaction investigation, and notice to statutory authorities. en-us Tue, 03 Aug 2021 00:00:00 +0530 Wed, 18 Aug 2021 09:26:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411111 Where no resolution plan had emerged in the corporate insolvency resolution process and the committee of creditors unanimously resolved to liquidate the corporate debtor in exercise of commercial wisdom, the statutory requirements for liquidation under the Insolvency and Bankruptcy Code, 2016 were satisfied. The Tribunal also noted that the proposed liquidator had given consent and the requisite authorization for assignment. Liquidation was ordered, the resolution professional was appointed as liquidator, and consequential directions were issued for publication, employee discharge, cessation of the existing moratorium, commencement of the liquidation moratorium, transaction investigation, and notice to statutory authorities. Case-Laws Insolvency and Bankruptcy Tue, 03 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411111