https://www.taxtmi.com/caselaws?id=428396 Where the Corporate Insolvency Resolution Process has ended without confirmation of a resolution plan, a unanimous Committee of Creditors decision to liquidate the corporate debtor triggers liquidation under the Insolvency and Bankruptcy Code. The Adjudicating Authority must act on that recommendation when it is taken with the requisite voting share before plan confirmation. The record also noted consent of the proposed liquidator, valid authorisation, and directions for consequential liquidation steps, including public announcement, statutory intimation, investigation of avoidable transactions, and continuation of the going concern arrangement until further orders. en-us Mon, 19 Sep 2022 00:00:00 +0530 Fri, 30 Sep 2022 09:36:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428396 Where the Corporate Insolvency Resolution Process has ended without confirmation of a resolution plan, a unanimous Committee of Creditors decision to liquidate the corporate debtor triggers liquidation under the Insolvency and Bankruptcy Code. The Adjudicating Authority must act on that recommendation when it is taken with the requisite voting share before plan confirmation. The record also noted consent of the proposed liquidator, valid authorisation, and directions for consequential liquidation steps, including public announcement, statutory intimation, investigation of avoidable transactions, and continuation of the going concern arrangement until further orders. Case-Laws Insolvency and Bankruptcy Mon, 19 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428396