https://www.taxtmi.com/caselaws?id=301436 The court admitted the application for liquidation under Section 33 of the Insolvency & Bankruptcy Code, 2016, appointing an Interim Resolution Professional (IRP) to conduct the Corporate Insolvency Resolution Process (CIRP). Despite no Expressions of Interest (EOI) from Prospective Resolution Applicants and lack of income post CIRP, the Financial Creditor unanimously decided to liquidate the Company, leading to a resolution passed by the Committee of Creditors (CoC). The Resolution Professional was appointed as the Liquidator, and the court ordered the commencement of the liquidation process, including valuation of assets and necessary advertising and representation steps. en-us Fri, 13 Dec 2019 00:00:00 +0530 Mon, 04 Apr 2022 20:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301436 The court admitted the application for liquidation under Section 33 of the Insolvency & Bankruptcy Code, 2016, appointing an Interim Resolution Professional (IRP) to conduct the Corporate Insolvency Resolution Process (CIRP). Despite no Expressions of Interest (EOI) from Prospective Resolution Applicants and lack of income post CIRP, the Financial Creditor unanimously decided to liquidate the Company, leading to a resolution passed by the Committee of Creditors (CoC). The Resolution Professional was appointed as the Liquidator, and the court ordered the commencement of the liquidation process, including valuation of assets and necessary advertising and representation steps. Case-Laws Insolvency and Bankruptcy Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301436