https://www.taxtmi.com/caselaws?id=419417 The application for liquidation under Section 33(1)(a) of the Insolvency and Bankruptcy Code was filed by the Resolution Professional for R.K. Silk Mills India Limited. The Committee of Creditors approved the initiation of liquidation due to the COVID-19 lockdown situation. Operational creditors were allowed to submit a resolution plan after the deadline. As no plan was received, liquidation was approved with the Resolution Professional appointed as Liquidator. The Adjudicating Authority stressed compliance with statutory requirements, leading to the grant of the liquidation order. Detailed directions for the liquidation process were outlined, emphasizing communication and adherence to regulations. en-us Mon, 21 Feb 2022 00:00:00 +0530 Fri, 11 Mar 2022 07:59:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419417 The application for liquidation under Section 33(1)(a) of the Insolvency and Bankruptcy Code was filed by the Resolution Professional for R.K. Silk Mills India Limited. The Committee of Creditors approved the initiation of liquidation due to the COVID-19 lockdown situation. Operational creditors were allowed to submit a resolution plan after the deadline. As no plan was received, liquidation was approved with the Resolution Professional appointed as Liquidator. The Adjudicating Authority stressed compliance with statutory requirements, leading to the grant of the liquidation order. Detailed directions for the liquidation process were outlined, emphasizing communication and adherence to regulations. Case-Laws Insolvency and Bankruptcy Mon, 21 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419417