https://www.taxtmi.com/caselaws?id=415088 The tribunal passed a liquidation order for the Corporate Debtor, appointing the Resolution Professional as the Company Liquidator. This decision followed multiple Committee of Creditors meetings where a resolution for liquidation was approved with a significant majority vote. The order included the cessation of the moratorium, transfer of powers to the Liquidator, and authorization for the Liquidator to charge fees for conducting the proceedings. The judgment highlighted the impact of the COVID-19 pandemic on the insolvency resolution process and allowed the initiation of liquidation proceedings against the Corporate Debtor under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. en-us Tue, 02 Nov 2021 00:00:00 +0530 Fri, 26 Nov 2021 09:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415088 The tribunal passed a liquidation order for the Corporate Debtor, appointing the Resolution Professional as the Company Liquidator. This decision followed multiple Committee of Creditors meetings where a resolution for liquidation was approved with a significant majority vote. The order included the cessation of the moratorium, transfer of powers to the Liquidator, and authorization for the Liquidator to charge fees for conducting the proceedings. The judgment highlighted the impact of the COVID-19 pandemic on the insolvency resolution process and allowed the initiation of liquidation proceedings against the Corporate Debtor under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Tue, 02 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415088