https://www.taxtmi.com/caselaws?id=417049 Failure of the CIRP to produce a viable resolution plan, together with the Committee of Creditors' approval for liquidation, satisfied the statutory conditions for liquidation under the Insolvency and Bankruptcy Code, 2016. The corporate debtor was therefore directed into liquidation under Section 33. The order also recorded the recommendation under Regulation 39C of the CIRP Regulations and required the liquidator to first explore sale of the corporate debtor as a going concern before moving to other modes of liquidation. en-us Fri, 24 Dec 2021 00:00:00 +0530 Fri, 14 Jan 2022 08:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417049 Failure of the CIRP to produce a viable resolution plan, together with the Committee of Creditors' approval for liquidation, satisfied the statutory conditions for liquidation under the Insolvency and Bankruptcy Code, 2016. The corporate debtor was therefore directed into liquidation under Section 33. The order also recorded the recommendation under Regulation 39C of the CIRP Regulations and required the liquidator to first explore sale of the corporate debtor as a going concern before moving to other modes of liquidation. Case-Laws Insolvency and Bankruptcy Fri, 24 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417049