https://www.taxtmi.com/caselaws?id=422785 The Tribunal ordered the dissolution of the Corporate Debtor under section 54 of the Insolvency and Bankruptcy Code due to the lack of liquid saleable assets and insufficient funds to cover liquidation costs. The Liquidator was directed to be paid fees and costs by the Committee of Creditors, emphasizing financial challenges faced during the process. Related applications post-dissolution were dismissed, and formalities for concluding proceedings were instructed. en-us Thu, 12 May 2022 00:00:00 +0530 Mon, 23 May 2022 08:13:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422785 The Tribunal ordered the dissolution of the Corporate Debtor under section 54 of the Insolvency and Bankruptcy Code due to the lack of liquid saleable assets and insufficient funds to cover liquidation costs. The Liquidator was directed to be paid fees and costs by the Committee of Creditors, emphasizing financial challenges faced during the process. Related applications post-dissolution were dismissed, and formalities for concluding proceedings were instructed. Case-Laws Insolvency and Bankruptcy Thu, 12 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422785