https://www.taxtmi.com/caselaws?id=297270 The Adjudicating Authority decided to dissolve the Corporate Debtor immediately as the liquidation process was deemed completed. The Authority rejected the application due to the Liquidator's failure to implead necessary parties and the adequacy of fees received by the Liquidator. The judgment directed the dissolution of the Corporate Debtor, forwarding the order to relevant authorities, and clarified that the order did not absolve Directors/Promoters from personal liability. It allowed aggrieved parties to pursue legal action if necessary. en-us Wed, 06 Jan 2021 00:00:00 +0530 Wed, 25 Aug 2021 09:07:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297270 The Adjudicating Authority decided to dissolve the Corporate Debtor immediately as the liquidation process was deemed completed. The Authority rejected the application due to the Liquidator's failure to implead necessary parties and the adequacy of fees received by the Liquidator. The judgment directed the dissolution of the Corporate Debtor, forwarding the order to relevant authorities, and clarified that the order did not absolve Directors/Promoters from personal liability. It allowed aggrieved parties to pursue legal action if necessary. Case-Laws Insolvency and Bankruptcy Wed, 06 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297270