https://www.taxtmi.com/caselaws?id=413715 Liquidation of the corporate debtor was ordered under the Insolvency and Bankruptcy Code after the corporate insolvency resolution process ended without an approved resolution plan. The only plan received was rejected by the Committee of Creditors as not viable, and the extended resolution timelines, including the COVID-19 exclusion period, had expired. On that basis, the statutory conditions for liquidation were treated as satisfied, and consequential directions followed for appointment of the liquidator, public announcement, cessation of moratorium, and conduct of liquidation under the applicable regulations. en-us Wed, 01 Sep 2021 00:00:00 +0530 Tue, 19 Oct 2021 08:22:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413715 Liquidation of the corporate debtor was ordered under the Insolvency and Bankruptcy Code after the corporate insolvency resolution process ended without an approved resolution plan. The only plan received was rejected by the Committee of Creditors as not viable, and the extended resolution timelines, including the COVID-19 exclusion period, had expired. On that basis, the statutory conditions for liquidation were treated as satisfied, and consequential directions followed for appointment of the liquidator, public announcement, cessation of moratorium, and conduct of liquidation under the applicable regulations. Case-Laws Insolvency and Bankruptcy Wed, 01 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413715