https://www.taxtmi.com/caselaws?id=303009 The Adjudicating Authority ordered the liquidation of the Corporate Debtor as the Corporate Insolvency Resolution Process (CIRP) period expired without an approved resolution plan. The Resolution Professional was appointed as the Liquidator to oversee the liquidation process in accordance with the Insolvency and Bankruptcy Code. The order included directions for the cessation of the Board of Directors' powers, issuance of public notices, and filing copies of the order with the Registrar of Companies. Employees were discharged, except for ongoing business matters managed by the Liquidator. The Liquidator was directed to file the order with relevant authorities for compliance. en-us Fri, 08 Oct 2021 00:00:00 +0530 Tue, 28 Jun 2022 21:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303009 The Adjudicating Authority ordered the liquidation of the Corporate Debtor as the Corporate Insolvency Resolution Process (CIRP) period expired without an approved resolution plan. The Resolution Professional was appointed as the Liquidator to oversee the liquidation process in accordance with the Insolvency and Bankruptcy Code. The order included directions for the cessation of the Board of Directors' powers, issuance of public notices, and filing copies of the order with the Registrar of Companies. Employees were discharged, except for ongoing business matters managed by the Liquidator. The Liquidator was directed to file the order with relevant authorities for compliance. Case-Laws Insolvency and Bankruptcy Fri, 08 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303009