https://www.taxtmi.com/caselaws?id=421113 Delay in filing the liquidation application was condoned because it was explained by pandemic-related disruption, partial lockdown conditions, and the exclusion of lockdown periods under the CIRP and liquidation regulations. As no resolution plan or expression of interest had been received during the corporate insolvency process, and the committee of creditors had resolved to proceed with liquidation and appoint the resolution professional as liquidator, the statutory requirements for liquidation were treated as satisfied. The corporate debtor was directed into liquidation and the resolution professional was appointed as liquidator. en-us Fri, 25 Mar 2022 00:00:00 +0530 Mon, 18 Apr 2022 08:08:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421113 Delay in filing the liquidation application was condoned because it was explained by pandemic-related disruption, partial lockdown conditions, and the exclusion of lockdown periods under the CIRP and liquidation regulations. As no resolution plan or expression of interest had been received during the corporate insolvency process, and the committee of creditors had resolved to proceed with liquidation and appoint the resolution professional as liquidator, the statutory requirements for liquidation were treated as satisfied. The corporate debtor was directed into liquidation and the resolution professional was appointed as liquidator. Case-Laws Insolvency and Bankruptcy Fri, 25 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421113