https://www.taxtmi.com/caselaws?id=416250 The Tribunal granted the Application for dissolution of the Corporate Debtor under Section 54 of the Insolvency and Bankruptcy Code, 2016, and Regulation 14 of the Liquidation Regulations. The decision was based on the lack of realizable assets to cover liquidation costs, making further investigation unnecessary. The Corporate Debtor was declared dissolved with immediate effect, and the Liquidator was instructed to inform relevant authorities, discharge duties, and update official records. The dissolution was deemed necessary to conclude insolvency proceedings in accordance with the legal framework, ensuring compliance with statutory requirements. en-us Wed, 08 Dec 2021 00:00:00 +0530 Fri, 24 Dec 2021 08:46:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416250 The Tribunal granted the Application for dissolution of the Corporate Debtor under Section 54 of the Insolvency and Bankruptcy Code, 2016, and Regulation 14 of the Liquidation Regulations. The decision was based on the lack of realizable assets to cover liquidation costs, making further investigation unnecessary. The Corporate Debtor was declared dissolved with immediate effect, and the Liquidator was instructed to inform relevant authorities, discharge duties, and update official records. The dissolution was deemed necessary to conclude insolvency proceedings in accordance with the legal framework, ensuring compliance with statutory requirements. Case-Laws Insolvency and Bankruptcy Wed, 08 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416250