https://www.taxtmi.com/caselaws?id=413285 The Tribunal approved the application for liquidation of Firestar International Limited under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. The decision was based on the Committee of Creditors' determination that liquidation was the appropriate course of action due to factors such as lack of business prospects and insufficient assets for debt repayment. The Tribunal appointed a liquidator, outlined the liquidation process, and emphasized the necessity of adhering to regulatory procedures for a smooth liquidation process. en-us Tue, 10 Aug 2021 00:00:00 +0530 Thu, 07 Oct 2021 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413285 The Tribunal approved the application for liquidation of Firestar International Limited under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. The decision was based on the Committee of Creditors' determination that liquidation was the appropriate course of action due to factors such as lack of business prospects and insufficient assets for debt repayment. The Tribunal appointed a liquidator, outlined the liquidation process, and emphasized the necessity of adhering to regulatory procedures for a smooth liquidation process. Case-Laws Insolvency and Bankruptcy Tue, 10 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413285