https://www.taxtmi.com/caselaws?id=413714 The Tribunal approved the application for liquidation of the Corporate Debtor, appointing Ms. Vaishali Arun Patrikar as the Liquidator. Despite efforts to secure viable resolution plans, the rejection of the final proposal by a prospective resolution applicant led to the decision for liquidation by the Committee of Creditors with a significant majority. The Tribunal upheld the CoC's commercial decision, ordering the liquidation process in compliance with the Insolvency and Bankruptcy Code, 2016. en-us Thu, 05 Aug 2021 00:00:00 +0530 Tue, 19 Oct 2021 08:22:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413714 The Tribunal approved the application for liquidation of the Corporate Debtor, appointing Ms. Vaishali Arun Patrikar as the Liquidator. Despite efforts to secure viable resolution plans, the rejection of the final proposal by a prospective resolution applicant led to the decision for liquidation by the Committee of Creditors with a significant majority. The Tribunal upheld the CoC's commercial decision, ordering the liquidation process in compliance with the Insolvency and Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Thu, 05 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413714