https://www.taxtmi.com/caselaws?id=299015 The National Company Law Tribunal, Principal Bench in New Delhi approved the Committee of Creditors' resolution for the liquidation of a Corporate Debtor due to its non-operational status, untraceable directors, and possession of only land in Ghaziabad. The Resolution Professional was appointed as the Liquidator, with full powers over the Corporate Debtor's affairs. The Tribunal directed the commencement of liquidation proceedings, issuance of public notice, and cooperation of Corporate Debtor's personnel with the Liquidator. Legal proceedings against the Corporate Debtor required prior approval, and the Liquidator was tasked with fulfilling IBC and regulatory obligations, concluding the application for liquidation. en-us Mon, 04 Jan 2021 00:00:00 +0530 Wed, 01 Dec 2021 08:49:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299015 The National Company Law Tribunal, Principal Bench in New Delhi approved the Committee of Creditors' resolution for the liquidation of a Corporate Debtor due to its non-operational status, untraceable directors, and possession of only land in Ghaziabad. The Resolution Professional was appointed as the Liquidator, with full powers over the Corporate Debtor's affairs. The Tribunal directed the commencement of liquidation proceedings, issuance of public notice, and cooperation of Corporate Debtor's personnel with the Liquidator. Legal proceedings against the Corporate Debtor required prior approval, and the Liquidator was tasked with fulfilling IBC and regulatory obligations, concluding the application for liquidation. Case-Laws Insolvency and Bankruptcy Mon, 04 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299015