https://www.taxtmi.com/caselaws?id=424871 Where the Committee of Creditors did not approve any resolution plan and resolved to liquidate the corporate debtor, the statutory conditions for liquidation under the Insolvency and Bankruptcy Code, 2016 were satisfied. The tribunal noted that two resolution plans had been received but neither secured approval, and that the insolvency resolution process requirements were complied with. Liquidation was therefore ordered, with appointment of a liquidator and consequential directions for cessation of moratorium, vesting of powers in the liquidator, and conduct of the liquidation in accordance with the Code and the liquidation regulations. en-us Tue, 28 Jun 2022 00:00:00 +0530 Mon, 11 Jul 2022 09:04:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424871 Where the Committee of Creditors did not approve any resolution plan and resolved to liquidate the corporate debtor, the statutory conditions for liquidation under the Insolvency and Bankruptcy Code, 2016 were satisfied. The tribunal noted that two resolution plans had been received but neither secured approval, and that the insolvency resolution process requirements were complied with. Liquidation was therefore ordered, with appointment of a liquidator and consequential directions for cessation of moratorium, vesting of powers in the liquidator, and conduct of the liquidation in accordance with the Code and the liquidation regulations. Case-Laws Insolvency and Bankruptcy Tue, 28 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424871