https://www.taxtmi.com/caselaws?id=412400 The Tribunal allowed the Application filed by the Resolution Professional of the Corporate Debtor, ordering the liquidation due to the absence of a Resolution Plan within the stipulated period. Mr. Kamal Agarwal was appointed as the Liquidator, with directives for the liquidation process, including the issuance of a Public Announcement, cessation of the moratorium, and initiation of a new moratorium. The decision was made following the majority vote of the Committee of Creditors, leading to the liquidation of the Corporate Debtor under the Insolvency & Bankruptcy Code, 2016. en-us Tue, 03 Aug 2021 00:00:00 +0530 Fri, 17 Sep 2021 09:20:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412400 The Tribunal allowed the Application filed by the Resolution Professional of the Corporate Debtor, ordering the liquidation due to the absence of a Resolution Plan within the stipulated period. Mr. Kamal Agarwal was appointed as the Liquidator, with directives for the liquidation process, including the issuance of a Public Announcement, cessation of the moratorium, and initiation of a new moratorium. The decision was made following the majority vote of the Committee of Creditors, leading to the liquidation of the Corporate Debtor under the Insolvency & Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Tue, 03 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412400