https://www.taxtmi.com/caselaws?id=300411 Where the committee of creditors approved liquidation and repeated opportunities to invite resolution plans produced no viable proposal, the adjudicating authority ordered liquidation of the corporate debtor and appointed the resolution professional as liquidator under the insolvency framework. A separate claim lodged by another applicant was not directly admitted at that stage; it was to be examined by the liquidator in accordance with the liquidation process and applicable rules. The result was liquidation of the corporate debtor, cessation of the moratorium, and handling of claims and proceedings through the liquidation mechanism. en-us Wed, 15 Jul 2020 00:00:00 +0530 Thu, 19 May 2022 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300411 Where the committee of creditors approved liquidation and repeated opportunities to invite resolution plans produced no viable proposal, the adjudicating authority ordered liquidation of the corporate debtor and appointed the resolution professional as liquidator under the insolvency framework. A separate claim lodged by another applicant was not directly admitted at that stage; it was to be examined by the liquidator in accordance with the liquidation process and applicable rules. The result was liquidation of the corporate debtor, cessation of the moratorium, and handling of claims and proceedings through the liquidation mechanism. Case-Laws Companies Law Wed, 15 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300411