https://www.taxtmi.com/caselaws?id=425938 The National Company Law Tribunal, Mumbai Bench, approved the liquidation of the Corporate Debtor and appointed Ms. Nishi Jain as the Liquidator. This decision followed multiple Committee of Creditors meetings where the lack of viable Resolution Plans led to a unanimous vote for liquidation. The Liquidator was tasked with initiating the liquidation process, publishing notices, ceasing the Board of Directors' powers, and updating the Corporate Debtor's data with the Registrar of Companies. en-us Fri, 29 Jul 2022 00:00:00 +0530 Thu, 04 Aug 2022 08:33:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425938 The National Company Law Tribunal, Mumbai Bench, approved the liquidation of the Corporate Debtor and appointed Ms. Nishi Jain as the Liquidator. This decision followed multiple Committee of Creditors meetings where the lack of viable Resolution Plans led to a unanimous vote for liquidation. The Liquidator was tasked with initiating the liquidation process, publishing notices, ceasing the Board of Directors' powers, and updating the Corporate Debtor's data with the Registrar of Companies. Case-Laws Insolvency and Bankruptcy Fri, 29 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425938