https://www.taxtmi.com/caselaws?id=414127 The application for liquidation proceedings under the Insolvency and Bankruptcy Code was disposed of, resulting in the issuance of a liquidation order for the Corporate Debtor. Mr. Hansraj Mutreja was appointed as the Liquidator with fixed fees. The Committee of Creditors approved the estimated liquidation cost and resolved to explore selling the Corporate Debtor as a going concern. The Tribunal provided specific directions for the liquidation process, emphasizing compliance with the IBC and related regulations. The order instructed no new legal proceedings without approval, transfer of powers to the Liquidator, cooperation from Corporate Debtor personnel, and timely reporting requirements. en-us Thu, 07 Oct 2021 00:00:00 +0530 Fri, 29 Oct 2021 04:49:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414127 The application for liquidation proceedings under the Insolvency and Bankruptcy Code was disposed of, resulting in the issuance of a liquidation order for the Corporate Debtor. Mr. Hansraj Mutreja was appointed as the Liquidator with fixed fees. The Committee of Creditors approved the estimated liquidation cost and resolved to explore selling the Corporate Debtor as a going concern. The Tribunal provided specific directions for the liquidation process, emphasizing compliance with the IBC and related regulations. The order instructed no new legal proceedings without approval, transfer of powers to the Liquidator, cooperation from Corporate Debtor personnel, and timely reporting requirements. Case-Laws Insolvency and Bankruptcy Thu, 07 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414127