https://www.taxtmi.com/caselaws?id=420538 Where no resolution plan was received during the CIRP and the Committee of Creditors unanimously resolved to liquidate the corporate debtor, the statutory threshold under section 33(2) of the Insolvency and Bankruptcy Code, 2016 was satisfied and the Adjudicating Authority was bound to order liquidation. The resolution professional, having given written consent and produced the required authorization for assignment, was appointed as liquidator. Consequential directions were issued for public announcement, discharge of employees, examination of the corporate debtor's affairs, communication to statutory authorities, cessation of the moratorium, and submission of liquidation reports. en-us Mon, 21 Mar 2022 00:00:00 +0530 Tue, 05 Apr 2022 09:07:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420538 Where no resolution plan was received during the CIRP and the Committee of Creditors unanimously resolved to liquidate the corporate debtor, the statutory threshold under section 33(2) of the Insolvency and Bankruptcy Code, 2016 was satisfied and the Adjudicating Authority was bound to order liquidation. The resolution professional, having given written consent and produced the required authorization for assignment, was appointed as liquidator. Consequential directions were issued for public announcement, discharge of employees, examination of the corporate debtor's affairs, communication to statutory authorities, cessation of the moratorium, and submission of liquidation reports. Case-Laws Insolvency and Bankruptcy Mon, 21 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420538