https://www.taxtmi.com/caselaws?id=423878 The Tribunal ordered the liquidation of the Corporate Debtor as no Expression of Interest was received within the extended Corporate Insolvency Resolution Process (CIRP) period exceeding 1000 days. The Committee of Creditors recommended liquidation with 100% voting shares, leading to the appointment of a Liquidator to manage the liquidation process in accordance with the Insolvency and Bankruptcy Code. Multiple Resolution Professionals were replaced during the proceedings, and the Tribunal approved each replacement. Extension requests for the CIRP period were dismissed as the order for liquidation had been passed, emphasizing adherence to the statutory timeline for insolvency proceedings. 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 The Tribunal ordered the liquidation of the Corporate Debtor as no Expression of Interest was received within the extended Corporate Insolvency Resolution Process (CIRP) period exceeding 1000 days. The Committee of Creditors recommended liquidation with 100% voting shares, leading to the appointment of a Liquidator to manage the liquidation process in accordance with the Insolvency and Bankruptcy Code. Multiple Resolution Professionals were replaced during the proceedings, and the Tribunal approved each replacement. Extension requests for the CIRP period were dismissed as the order for liquidation had been passed, emphasizing adherence to the statutory timeline for insolvency proceedings. Case-Laws Insolvency and Bankruptcy Wed, 15 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423878