https://www.taxtmi.com/caselaws?id=423878 Where no resolution plan or expression of interest is received during the CIRP, and the Committee of Creditors unanimously approves liquidation, the Adjudicating Authority is required under the Insolvency and Bankruptcy Code, 2016 to order liquidation. The record showed that the resolution process had continued beyond the prescribed period, Form G yielded no response, and the creditor body voted for liquidation. Liquidation was therefore directed as the statutory consequence, and a liquidator was appointed under the Code to conduct the liquidation process in accordance with the applicable regulations. en-us Wed, 15 Jun 2022 00:00:00 +0530 Fri, 17 Jun 2022 09:35:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423878 Where no resolution plan or expression of interest is received during the CIRP, and the Committee of Creditors unanimously approves liquidation, the Adjudicating Authority is required under the Insolvency and Bankruptcy Code, 2016 to order liquidation. The record showed that the resolution process had continued beyond the prescribed period, Form G yielded no response, and the creditor body voted for liquidation. Liquidation was therefore directed as the statutory consequence, and a liquidator was appointed under the Code to conduct the liquidation process in accordance with the applicable regulations. Case-Laws Insolvency and Bankruptcy Wed, 15 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423878