https://www.taxtmi.com/caselaws?id=414411 The Tribunal partially allowed the application for liquidation under Section 33(1) of the Insolvency & Bankruptcy Code, 2016 for the Corporate Debtor, M/s. Pro Young International Private Limited. Due to the failure to receive any resolution plan during the Corporate Insolvency Resolution Process (CIRP) and the non-cooperation of the Committee of Creditors (CoC), the Tribunal ordered the appointment of a Liquidator, Mr. P.V. Narayana Rao, to oversee the liquidation process. Comprehensive directions were issued for compliance with legal provisions during the liquidation process, including the transfer of powers to the Liquidator and the cessation of the moratorium. en-us Thu, 07 Oct 2021 00:00:00 +0530 Tue, 02 Nov 2021 14:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414411 The Tribunal partially allowed the application for liquidation under Section 33(1) of the Insolvency & Bankruptcy Code, 2016 for the Corporate Debtor, M/s. Pro Young International Private Limited. Due to the failure to receive any resolution plan during the Corporate Insolvency Resolution Process (CIRP) and the non-cooperation of the Committee of Creditors (CoC), the Tribunal ordered the appointment of a Liquidator, Mr. P.V. Narayana Rao, to oversee the liquidation process. Comprehensive directions were issued for compliance with legal provisions during the liquidation process, including the transfer of powers to the Liquidator and the cessation of the moratorium. Case-Laws Insolvency and Bankruptcy Thu, 07 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414411