https://www.taxtmi.com/caselaws?id=416385 The corporate insolvency resolution process had run through invitations for expression of interest, circulation of forms, consideration of resolution plans and time extensions, but no resolution plan was approved by the committee of creditors. With no approved plan in place, the statutory conditions for liquidation under the insolvency code were satisfied. The resolution professional had given consent to act as liquidator and was stated to hold a valid authorisation for assignment, so appointment as liquidator was permissible. Liquidation of the corporate debtor was therefore ordered and the resolution professional was appointed as liquidator. en-us Mon, 06 Dec 2021 00:00:00 +0530 Tue, 28 Dec 2021 08:50:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416385 The corporate insolvency resolution process had run through invitations for expression of interest, circulation of forms, consideration of resolution plans and time extensions, but no resolution plan was approved by the committee of creditors. With no approved plan in place, the statutory conditions for liquidation under the insolvency code were satisfied. The resolution professional had given consent to act as liquidator and was stated to hold a valid authorisation for assignment, so appointment as liquidator was permissible. Liquidation of the corporate debtor was therefore ordered and the resolution professional was appointed as liquidator. Case-Laws Insolvency and Bankruptcy Mon, 06 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416385