https://www.taxtmi.com/caselaws?id=424906 The Tribunal allowed the application for liquidation of the Corporate Debtor under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The Resolution Professional was appointed as the Liquidator, with directions to take control of the assets. The lockdown period was excluded from the CIRP timeline. The Tribunal limited the expenses and fees payable to the Resolution Professional and counsel, approving a total amount of Rs. 4,44,000. Various orders were passed, including the commencement of the liquidation process and transfer of powers to the Liquidator, with specific directives for the management of the Corporate Debtor's affairs. en-us Tue, 05 Jul 2022 00:00:00 +0530 Tue, 12 Jul 2022 09:13:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424906 The Tribunal allowed the application for liquidation of the Corporate Debtor under Section 33(2) of the Insolvency and Bankruptcy Code, 2016. The Resolution Professional was appointed as the Liquidator, with directions to take control of the assets. The lockdown period was excluded from the CIRP timeline. The Tribunal limited the expenses and fees payable to the Resolution Professional and counsel, approving a total amount of Rs. 4,44,000. Various orders were passed, including the commencement of the liquidation process and transfer of powers to the Liquidator, with specific directives for the management of the Corporate Debtor's affairs. Case-Laws Insolvency and Bankruptcy Tue, 05 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424906