https://www.taxtmi.com/caselaws?id=414241 Where the committee of creditors lawfully resolves to liquidate a corporate guarantor and the record shows insignificant assets with no realistic prospect of resolution, the Insolvency and Bankruptcy Code permits liquidation and appointment of the resolution professional as liquidator. The note emphasizes that the statutory framework and applicable regulations support this course when the creditor body acts with the requisite voting share and the debtor has no viable resolution possibility. en-us Fri, 08 Oct 2021 00:00:00 +0530 Mon, 01 Nov 2021 07:09:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414241 Where the committee of creditors lawfully resolves to liquidate a corporate guarantor and the record shows insignificant assets with no realistic prospect of resolution, the Insolvency and Bankruptcy Code permits liquidation and appointment of the resolution professional as liquidator. The note emphasizes that the statutory framework and applicable regulations support this course when the creditor body acts with the requisite voting share and the debtor has no viable resolution possibility. Case-Laws Insolvency and Bankruptcy Fri, 08 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414241