https://www.taxtmi.com/caselaws?id=424341 The Adjudicating Authority approved the liquidation of the Corporate Debtor under the Insolvency and Bankruptcy Code, appointing Mrs. Mummaneni Vazra Laxmi as the Liquidator. The decision stemmed from the lack of response to Expression of Interest (EOI) and absence of viable resolution plans within stipulated timelines. The Committee of Creditors (COC) unanimously voted for liquidation, determining the Liquidation Value as 'Nil' and endorsing Mrs. Mummaneni Vazra Laxmi as the Liquidator with prescribed fees. The Authority's order outlined the Liquidator's responsibilities, marking the commencement of the liquidation process. en-us Thu, 09 Jun 2022 00:00:00 +0530 Tue, 28 Jun 2022 07:43:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424341 The Adjudicating Authority approved the liquidation of the Corporate Debtor under the Insolvency and Bankruptcy Code, appointing Mrs. Mummaneni Vazra Laxmi as the Liquidator. The decision stemmed from the lack of response to Expression of Interest (EOI) and absence of viable resolution plans within stipulated timelines. The Committee of Creditors (COC) unanimously voted for liquidation, determining the Liquidation Value as 'Nil' and endorsing Mrs. Mummaneni Vazra Laxmi as the Liquidator with prescribed fees. The Authority's order outlined the Liquidator's responsibilities, marking the commencement of the liquidation process. Case-Laws Insolvency and Bankruptcy Thu, 09 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424341