https://www.taxtmi.com/caselaws?id=424804 Where the Committee of Creditors resolved to liquidate the corporate debtor after the only resolution plan was found unfeasible and rejected, the Tribunal held that the statutory conditions for liquidation under Section 33(2) of the Insolvency and Bankruptcy Code were satisfied. Repeated invitations for expression of interest had not produced a viable resolution process outcome, and the Resolution Professional had duly intimated the CoC's liquidation decision with the requisite voting share. The corporate debtor was therefore directed into liquidation, and the proposed Resolution Professional was appointed as liquidator. en-us Thu, 30 Jun 2022 00:00:00 +0530 Sat, 09 Jul 2022 08:01:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424804 Where the Committee of Creditors resolved to liquidate the corporate debtor after the only resolution plan was found unfeasible and rejected, the Tribunal held that the statutory conditions for liquidation under Section 33(2) of the Insolvency and Bankruptcy Code were satisfied. Repeated invitations for expression of interest had not produced a viable resolution process outcome, and the Resolution Professional had duly intimated the CoC's liquidation decision with the requisite voting share. The corporate debtor was therefore directed into liquidation, and the proposed Resolution Professional was appointed as liquidator. Case-Laws Insolvency and Bankruptcy Thu, 30 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424804