https://www.taxtmi.com/caselaws?id=422498 Where the Committee of Creditors unanimously rejected the resolution plan and no approved plan remained for implementation, the statutory conditions for liquidation under the Insolvency and Bankruptcy Code were satisfied, and the corporate debtor was directed into liquidation. On appointment of the liquidator, the Tribunal held that, in the absence of written consent from the existing resolution professional, the appointment could proceed on the basis of the available consent of Mr. Debashish Nanda, who was appointed as liquidator. The liquidation process was therefore permitted to proceed under the statutory framework. en-us Thu, 05 May 2022 00:00:00 +0530 Tue, 17 May 2022 08:39:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422498 Where the Committee of Creditors unanimously rejected the resolution plan and no approved plan remained for implementation, the statutory conditions for liquidation under the Insolvency and Bankruptcy Code were satisfied, and the corporate debtor was directed into liquidation. On appointment of the liquidator, the Tribunal held that, in the absence of written consent from the existing resolution professional, the appointment could proceed on the basis of the available consent of Mr. Debashish Nanda, who was appointed as liquidator. The liquidation process was therefore permitted to proceed under the statutory framework. Case-Laws Insolvency and Bankruptcy Thu, 05 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422498