https://www.taxtmi.com/caselaws?id=413712 The Adjudicating Authority granted the liquidation order as sought by the Resolution Professional under Sections 33(2) and 34(4)(c) of the I & B Code, 2016 due to the absence of any resolution plans. The Corporate Debtor's assets were to be liquidated under the supervision of the appointed Liquidator, Mr. Huzefa Fakhri Sitabkhan. The Committee of Creditors' request for a 90-day extension of the CIRP period was approved, but no resolution plans were received within the extended timeframe. The decision to proceed with liquidation was made in the absence of viable resolution options, and the CoC approved the liquidation costs and sale of assets during the process. en-us Wed, 04 Aug 2021 00:00:00 +0530 Mon, 18 Oct 2021 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413712 The Adjudicating Authority granted the liquidation order as sought by the Resolution Professional under Sections 33(2) and 34(4)(c) of the I & B Code, 2016 due to the absence of any resolution plans. The Corporate Debtor's assets were to be liquidated under the supervision of the appointed Liquidator, Mr. Huzefa Fakhri Sitabkhan. The Committee of Creditors' request for a 90-day extension of the CIRP period was approved, but no resolution plans were received within the extended timeframe. The decision to proceed with liquidation was made in the absence of viable resolution options, and the CoC approved the liquidation costs and sale of assets during the process. Case-Laws Insolvency and Bankruptcy Wed, 04 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413712