https://www.taxtmi.com/caselaws?id=417761 The Committee of Creditors (CoC) unanimously rejected all resolution plans for Corporate Debtor Narmada Cereals Pvt. Ltd., leading to a decision for liquidation. A Liquidation Order was passed by the Adjudicating Authority appointing Mr. Prabhat Jain as the Liquidator. The judgment outlined the legal framework for the liquidation process, including restrictions on legal proceedings, transfer of powers to the Liquidator, and directives for compliance. The Registry was directed to promptly communicate the order to relevant authorities, and provisions were made for the Liquidator's fee structure and entitlements during the proceedings. en-us Tue, 04 Jan 2022 00:00:00 +0530 Tue, 01 Feb 2022 08:30:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417761 The Committee of Creditors (CoC) unanimously rejected all resolution plans for Corporate Debtor Narmada Cereals Pvt. Ltd., leading to a decision for liquidation. A Liquidation Order was passed by the Adjudicating Authority appointing Mr. Prabhat Jain as the Liquidator. The judgment outlined the legal framework for the liquidation process, including restrictions on legal proceedings, transfer of powers to the Liquidator, and directives for compliance. The Registry was directed to promptly communicate the order to relevant authorities, and provisions were made for the Liquidator's fee structure and entitlements during the proceedings. Case-Laws Insolvency and Bankruptcy Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417761