https://www.taxtmi.com/caselaws?id=414243 The Tribunal held that the application under Section 10 was not maintainable due to the void ab initio resolution dated 30.03.2017. Consequently, the orders initiating CIRP and liquidation were set aside, releasing the Corporate Debtor. The appeal against the order of liquidation was allowed based on the void initiation of CIRP, not due to material irregularity. The Adjudicating Authority was directed to fix RP/Liquidator fees to be paid by the Corporate Debtor along with CIRP costs, with no order as to costs for the appeals. en-us Fri, 29 Oct 2021 00:00:00 +0530 Mon, 01 Nov 2021 07:09:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414243 The Tribunal held that the application under Section 10 was not maintainable due to the void ab initio resolution dated 30.03.2017. Consequently, the orders initiating CIRP and liquidation were set aside, releasing the Corporate Debtor. The appeal against the order of liquidation was allowed based on the void initiation of CIRP, not due to material irregularity. The Adjudicating Authority was directed to fix RP/Liquidator fees to be paid by the Corporate Debtor along with CIRP costs, with no order as to costs for the appeals. Case-Laws Insolvency and Bankruptcy Fri, 29 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414243