https://www.taxtmi.com/caselaws?id=422949 The Adjudicating Authority approved the application for liquidation of the Corporate Debtor due to the absence of viable resolution plans within prescribed timelines, despite the Code's preference for resolution over liquidation. The decision resulted in the appointment of a specific Liquidator with defined duties, the cessation of the moratorium, restrictions on legal proceedings, transfer of powers to the Liquidator, and compliance requirements under the Insolvency and Bankruptcy Code, 2016. en-us Fri, 13 May 2022 00:00:00 +0530 Fri, 09 Sep 2022 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422949 The Adjudicating Authority approved the application for liquidation of the Corporate Debtor due to the absence of viable resolution plans within prescribed timelines, despite the Code's preference for resolution over liquidation. The decision resulted in the appointment of a specific Liquidator with defined duties, the cessation of the moratorium, restrictions on legal proceedings, transfer of powers to the Liquidator, and compliance requirements under the Insolvency and Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Fri, 13 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422949