https://www.taxtmi.com/caselaws?id=300658 The Tribunal dismissed the appeal against the liquidation order of a Corporate Debtor, emphasizing the adherence to the 270-day timeline under the Insolvency and Bankruptcy Code. Despite disagreements among creditors regarding the exclusion of a specific period for re-considering a revised Resolution Plan, the Tribunal highlighted the importance of following the provisions of the I&B Code and the Companies Act post-liquidation. The Tribunal directed the Liquidator to ensure the Corporate Debtor remains a going concern during liquidation and to prioritize Resolution Plans maximizing assets and balancing stakeholders' interests. The appeal was disposed of with guidance on the post-liquidation process for the parties involved. en-us Wed, 31 Jul 2019 00:00:00 +0530 Fri, 18 Feb 2022 07:31:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300658 The Tribunal dismissed the appeal against the liquidation order of a Corporate Debtor, emphasizing the adherence to the 270-day timeline under the Insolvency and Bankruptcy Code. Despite disagreements among creditors regarding the exclusion of a specific period for re-considering a revised Resolution Plan, the Tribunal highlighted the importance of following the provisions of the I&B Code and the Companies Act post-liquidation. The Tribunal directed the Liquidator to ensure the Corporate Debtor remains a going concern during liquidation and to prioritize Resolution Plans maximizing assets and balancing stakeholders' interests. The appeal was disposed of with guidance on the post-liquidation process for the parties involved. Case-Laws Insolvency and Bankruptcy Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300658