https://www.taxtmi.com/caselaws?id=425277 The Tribunal approved the liquidation of the Corporate Debtor, Global Towers Limited, under Section 33 of the Insolvency and Bankruptcy Code, 2016. With no viable resolution plans, the Committee of Creditors authorized the Resolution Professional to file for liquidation. The Tribunal appointed the Resolution Professional as the Liquidator, initiating a fresh Moratorium and directing cooperation from all involved parties. This decision aimed to ensure a smooth transition into liquidation while upholding legal compliance and safeguarding stakeholders' interests. en-us Fri, 15 Jul 2022 00:00:00 +0530 Wed, 20 Jul 2022 09:23:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425277 The Tribunal approved the liquidation of the Corporate Debtor, Global Towers Limited, under Section 33 of the Insolvency and Bankruptcy Code, 2016. With no viable resolution plans, the Committee of Creditors authorized the Resolution Professional to file for liquidation. The Tribunal appointed the Resolution Professional as the Liquidator, initiating a fresh Moratorium and directing cooperation from all involved parties. This decision aimed to ensure a smooth transition into liquidation while upholding legal compliance and safeguarding stakeholders' interests. Case-Laws Insolvency and Bankruptcy Fri, 15 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425277