https://www.taxtmi.com/caselaws?id=412335 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. After uncovering serious fraud, the Committee of Creditors decided to discontinue the CIRP and opt for liquidation. The CoC appointed Mr. Ashish Vyas as the liquidator, and the Tribunal approved the liquidation in accordance with Section 33 of the Code. Specific directions were given for the liquidation process, including ceasing the moratorium and transferring powers to the Liquidator. The order served as a notice of discharge for officers and employees of the Corporate Debtor. en-us Thu, 05 Aug 2021 00:00:00 +0530 Thu, 16 Sep 2021 09:04:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412335 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. After uncovering serious fraud, the Committee of Creditors decided to discontinue the CIRP and opt for liquidation. The CoC appointed Mr. Ashish Vyas as the liquidator, and the Tribunal approved the liquidation in accordance with Section 33 of the Code. Specific directions were given for the liquidation process, including ceasing the moratorium and transferring powers to the Liquidator. The order served as a notice of discharge for officers and employees of the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Thu, 05 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412335