https://www.taxtmi.com/caselaws?id=414684 The Tribunal ordered the liquidation of Corporate Debtor Mohan Motors Udyog Private Limited as the Committee of Creditors (CoC) did not approve any resolution plan despite receiving multiple Expressions of Interest. A new Liquidator was appointed, and the Resolution Professional was relieved from their duties. The Liquidator was tasked with commencing the liquidation process, taking over the powers of the Board of Directors and key managerial persons. The order also instructed the Corporate Debtor's personnel to assist the Liquidator and restricted legal proceedings against the company during the liquidation. en-us Fri, 08 Oct 2021 00:00:00 +0530 Mon, 15 Nov 2021 09:08:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414684 The Tribunal ordered the liquidation of Corporate Debtor Mohan Motors Udyog Private Limited as the Committee of Creditors (CoC) did not approve any resolution plan despite receiving multiple Expressions of Interest. A new Liquidator was appointed, and the Resolution Professional was relieved from their duties. The Liquidator was tasked with commencing the liquidation process, taking over the powers of the Board of Directors and key managerial persons. The order also instructed the Corporate Debtor's personnel to assist the Liquidator and restricted legal proceedings against the company during the liquidation. Case-Laws Insolvency and Bankruptcy Fri, 08 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414684