https://www.taxtmi.com/caselaws?id=421499 The Adjudicating Authority approved the liquidator's application for the early dissolution of the Corporate Debtor under Section 54 of the Insolvency and Bankruptcy Code, 2016. The decision was based on the insufficiency of assets to cover liquidation costs, absence of a stakeholders committee, and the minimal amount in the bank account. The bench declined a prayer clause for payment of fees to IBBI due to the lack of legal provision but admitted the application for dissolution. en-us Tue, 12 Apr 2022 00:00:00 +0530 Tue, 26 Apr 2022 08:16:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421499 The Adjudicating Authority approved the liquidator's application for the early dissolution of the Corporate Debtor under Section 54 of the Insolvency and Bankruptcy Code, 2016. The decision was based on the insufficiency of assets to cover liquidation costs, absence of a stakeholders committee, and the minimal amount in the bank account. The bench declined a prayer clause for payment of fees to IBBI due to the lack of legal provision but admitted the application for dissolution. Case-Laws Insolvency and Bankruptcy Tue, 12 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421499