https://www.taxtmi.com/caselaws?id=301071 The Tribunal ordered the liquidation of a company under the Insolvency & Bankruptcy Code after the Committee of Creditors decided against reviving the company and unanimously resolved for liquidation. The Resolution Professional's compliance with procedures and the undisputed valuation report led to the decision under section 33(2) of the Code. The Resolution Professional was appointed as the Liquidator with full management powers, and legal proceedings against the company were restricted. The Liquidator was tasked with initiating the liquidation process in accordance with the Code and regulations, including fee entitlement and public notifications. en-us Mon, 08 Jan 2018 00:00:00 +0530 Fri, 11 Mar 2022 07:58:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301071 The Tribunal ordered the liquidation of a company under the Insolvency & Bankruptcy Code after the Committee of Creditors decided against reviving the company and unanimously resolved for liquidation. The Resolution Professional's compliance with procedures and the undisputed valuation report led to the decision under section 33(2) of the Code. The Resolution Professional was appointed as the Liquidator with full management powers, and legal proceedings against the company were restricted. The Liquidator was tasked with initiating the liquidation process in accordance with the Code and regulations, including fee entitlement and public notifications. Case-Laws Insolvency and Bankruptcy Mon, 08 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301071