https://www.taxtmi.com/caselaws?id=414826 Where no resolution plan is received within the statutory period and the Committee of Creditors unanimously resolves to liquidate the corporate debtor, the requirements for liquidation under Section 33 of the Insolvency and Bankruptcy Code, 2016 are satisfied. The record showed that CIRP had been admitted, claims were received and admitted, the Committee of Creditors consisted of a sole financial creditor, and the Interim Resolution Professional was proposed as liquidator. On that basis, liquidation was ordered and the Interim Resolution Professional was appointed as liquidator. en-us Tue, 26 Oct 2021 00:00:00 +0530 Thu, 18 Nov 2021 07:19:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414826 Where no resolution plan is received within the statutory period and the Committee of Creditors unanimously resolves to liquidate the corporate debtor, the requirements for liquidation under Section 33 of the Insolvency and Bankruptcy Code, 2016 are satisfied. The record showed that CIRP had been admitted, claims were received and admitted, the Committee of Creditors consisted of a sole financial creditor, and the Interim Resolution Professional was proposed as liquidator. On that basis, liquidation was ordered and the Interim Resolution Professional was appointed as liquidator. Case-Laws Insolvency and Bankruptcy Tue, 26 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414826