https://www.taxtmi.com/caselaws?id=413983 The Tribunal ordered the liquidation of the Corporate Debtor under Chapter III of the Insolvency and Bankruptcy Code. The Resolution Professional's application for liquidation was treated under Section 33(1) instead of Section 33(2) due to a delay in submission. As the Resolution Professional failed to file promptly, a new Liquidator was appointed from an approved panel. The Tribunal emphasized compliance with various regulations governing the liquidation process and directed specific actions for the liquidation, including public announcements, reports filing, and management powers cessation. The application was disposed of, with relevant parties instructed to comply with the order. en-us Wed, 06 Oct 2021 00:00:00 +0530 Tue, 26 Oct 2021 09:00:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413983 The Tribunal ordered the liquidation of the Corporate Debtor under Chapter III of the Insolvency and Bankruptcy Code. The Resolution Professional's application for liquidation was treated under Section 33(1) instead of Section 33(2) due to a delay in submission. As the Resolution Professional failed to file promptly, a new Liquidator was appointed from an approved panel. The Tribunal emphasized compliance with various regulations governing the liquidation process and directed specific actions for the liquidation, including public announcements, reports filing, and management powers cessation. The application was disposed of, with relevant parties instructed to comply with the order. Case-Laws Insolvency and Bankruptcy Wed, 06 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413983