https://www.taxtmi.com/caselaws?id=420596 The appeal challenging the order admitting the application under Section 7 of the IBC and appointing an Interim Resolution Professional was dismissed as infructuous. The CoC's decision for liquidation of the Corporate Debtor, based on the rejection of the only Resolution Plan, was upheld by the Tribunal. The CIRP was deemed unsuccessful, leading to the validation of the liquidation recommendation. en-us Mon, 04 Apr 2022 00:00:00 +0530 Wed, 06 Apr 2022 09:08:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420596 The appeal challenging the order admitting the application under Section 7 of the IBC and appointing an Interim Resolution Professional was dismissed as infructuous. The CoC's decision for liquidation of the Corporate Debtor, based on the rejection of the only Resolution Plan, was upheld by the Tribunal. The CIRP was deemed unsuccessful, leading to the validation of the liquidation recommendation. Case-Laws Insolvency and Bankruptcy Mon, 04 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420596