https://www.taxtmi.com/caselaws?id=413985 The Tribunal approved the application for liquidation of the Corporate Debtor, KK Milk Fresh India Ltd., under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. Despite efforts to secure a resolution plan, none were received within the stipulated timelines. Consequently, the Committee of Creditors (CoC) advised the Resolution Professional (RP) to file for liquidation, leading to the RP's appointment as the Liquidator. The Tribunal endorsed this decision, ordering the liquidation of the company and instructing the Liquidator to commence the liquidation process, issue public announcements, and notify relevant parties. en-us Wed, 06 Oct 2021 00:00:00 +0530 Tue, 26 Oct 2021 09:00:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413985 The Tribunal approved the application for liquidation of the Corporate Debtor, KK Milk Fresh India Ltd., under Section 33(1) of the Insolvency and Bankruptcy Code, 2016. Despite efforts to secure a resolution plan, none were received within the stipulated timelines. Consequently, the Committee of Creditors (CoC) advised the Resolution Professional (RP) to file for liquidation, leading to the RP's appointment as the Liquidator. The Tribunal endorsed this decision, ordering the liquidation of the company and instructing the Liquidator to commence the liquidation process, issue public announcements, and notify relevant parties. Case-Laws Insolvency and Bankruptcy Wed, 06 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413985