https://www.taxtmi.com/caselaws?id=304188 Liquidation under Section 33(2) of the Insolvency and Bankruptcy Code was addressed where the Committee of Creditors had unanimously resolved to liquidate the corporate debtor. The record reflected that business operations had ceased, remaining assets were limited, and the creditors had taken a final commercial decision to proceed with liquidation. On that basis, the statutory requirements for liquidation were treated as satisfied, with consequential directions for appointment of the liquidator, cessation of the existing moratorium, commencement of liquidation moratorium, and conduct of liquidation under the Code and the Liquidation Process Regulations. en-us Thu, 26 Aug 2021 00:00:00 +0530 Tue, 13 Sep 2022 05:53:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304188 Liquidation under Section 33(2) of the Insolvency and Bankruptcy Code was addressed where the Committee of Creditors had unanimously resolved to liquidate the corporate debtor. The record reflected that business operations had ceased, remaining assets were limited, and the creditors had taken a final commercial decision to proceed with liquidation. On that basis, the statutory requirements for liquidation were treated as satisfied, with consequential directions for appointment of the liquidator, cessation of the existing moratorium, commencement of liquidation moratorium, and conduct of liquidation under the Code and the Liquidation Process Regulations. Case-Laws Insolvency and Bankruptcy Thu, 26 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304188