https://www.taxtmi.com/caselaws?id=417104 The Tribunal ordered the liquidation of the Corporate Debtor as no resolution plan was received within the CIRP period. The Resolution Professional was confirmed as the Liquidator to oversee the liquidation process. Various directions were issued, including public notices, transfer of powers, and cooperation from the Corporate Debtor's personnel. Legal proceedings were restricted, and the order served as a discharge notice to the Corporate Debtor's officers and employees. The Liquidator was instructed to file the order with the Registrar of Companies and the Registry. The application for liquidation was disposed of, and parties were advised to take necessary steps. en-us Thu, 06 Jan 2022 00:00:00 +0530 Sat, 15 Jan 2022 08:49:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417104 The Tribunal ordered the liquidation of the Corporate Debtor as no resolution plan was received within the CIRP period. The Resolution Professional was confirmed as the Liquidator to oversee the liquidation process. Various directions were issued, including public notices, transfer of powers, and cooperation from the Corporate Debtor's personnel. Legal proceedings were restricted, and the order served as a discharge notice to the Corporate Debtor's officers and employees. The Liquidator was instructed to file the order with the Registrar of Companies and the Registry. The application for liquidation was disposed of, and parties were advised to take necessary steps. Case-Laws Insolvency and Bankruptcy Thu, 06 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417104