https://www.taxtmi.com/caselaws?id=300029 The Tribunal granted the application for liquidation under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, concerning M/s. Mrgra Industries Limited. Despite efforts during the Corporate Insolvency Resolution Process (CIRP), including repeated Expression of Interest issuances, the non-compliant Resolution Plan led to the Committee of Creditors deciding on liquidation. The CoC fixed the Liquidator's fee, appointed valuers for asset valuation, and estimated liquidation value. The order included specific directions for the liquidation process, appointing a Liquidator, initiating a fresh Moratorium, investigating financial affairs, disposing of pending applications, and submitting reports within set timelines. en-us Thu, 15 Oct 2020 00:00:00 +0530 Mon, 10 Jan 2022 08:59:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300029 The Tribunal granted the application for liquidation under Section 33(1) of the Insolvency and Bankruptcy Code, 2016, concerning M/s. Mrgra Industries Limited. Despite efforts during the Corporate Insolvency Resolution Process (CIRP), including repeated Expression of Interest issuances, the non-compliant Resolution Plan led to the Committee of Creditors deciding on liquidation. The CoC fixed the Liquidator's fee, appointed valuers for asset valuation, and estimated liquidation value. The order included specific directions for the liquidation process, appointing a Liquidator, initiating a fresh Moratorium, investigating financial affairs, disposing of pending applications, and submitting reports within set timelines. Case-Laws Insolvency and Bankruptcy Thu, 15 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300029