https://www.taxtmi.com/caselaws?id=424543 Liquidation under Section 33(1) of the Insolvency and Bankruptcy Code was found to be justified where the corporate insolvency resolution process had commenced, an invitation for expression of interest had been issued, and no resolution plan was received within the stipulated period. The Committee of Creditors resolved to liquidate the corporate debtor and approved the Resolution Professional's appointment as liquidator. The Tribunal recorded that the statutory requirements for liquidation were satisfied and that the Resolution Professional's consent to act as liquidator had been filed, so the liquidation application was allowed and liquidation directed. en-us Tue, 28 Jun 2022 00:00:00 +0530 Mon, 04 Jul 2022 09:07:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424543 Liquidation under Section 33(1) of the Insolvency and Bankruptcy Code was found to be justified where the corporate insolvency resolution process had commenced, an invitation for expression of interest had been issued, and no resolution plan was received within the stipulated period. The Committee of Creditors resolved to liquidate the corporate debtor and approved the Resolution Professional's appointment as liquidator. The Tribunal recorded that the statutory requirements for liquidation were satisfied and that the Resolution Professional's consent to act as liquidator had been filed, so the liquidation application was allowed and liquidation directed. Case-Laws Insolvency and Bankruptcy Tue, 28 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424543