https://www.taxtmi.com/caselaws?id=427596 The Tribunal approved the liquidation of Shree Ganesh Stampings Private Limited, following the rejection of the Resolution Plan and the CoC's decision for liquidation with 100% voting. The Resolution Professional was appointed as the Liquidator, granted necessary powers, and directed to adhere to liquidation regulations. Additionally, an application for changing the Liquidator was dismissed as the CoC did not provide written reasons for the replacement, in compliance with Section 34(4) of the Insolvency and Bankruptcy Code, 2016. The Tribunal's rulings were based on the commercial wisdom of the CoC and statutory provisions. en-us Tue, 06 Sep 2022 00:00:00 +0530 Tue, 13 Sep 2022 06:47:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427596 The Tribunal approved the liquidation of Shree Ganesh Stampings Private Limited, following the rejection of the Resolution Plan and the CoC's decision for liquidation with 100% voting. The Resolution Professional was appointed as the Liquidator, granted necessary powers, and directed to adhere to liquidation regulations. Additionally, an application for changing the Liquidator was dismissed as the CoC did not provide written reasons for the replacement, in compliance with Section 34(4) of the Insolvency and Bankruptcy Code, 2016. The Tribunal's rulings were based on the commercial wisdom of the CoC and statutory provisions. Case-Laws Insolvency and Bankruptcy Tue, 06 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427596