https://www.taxtmi.com/caselaws?id=428397 The Tribunal ordered the liquidation of a Corporate Debtor under Section 33(1)(b)(i) of the Insolvency and Bankruptcy Code, 2016, due to failed attempts at approving a resolution plan. Despite efforts to consider resolution plans, including one by a Prospective Resolution Applicant, none were approved by the Committee of Creditors. The Tribunal appointed the Resolution Professional as the Liquidator under Section 34(1) of the Code to conduct the liquidation proceedings, emphasizing the need for timely resolution under the Code. en-us Wed, 21 Sep 2022 00:00:00 +0530 Fri, 30 Sep 2022 09:36:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428397 The Tribunal ordered the liquidation of a Corporate Debtor under Section 33(1)(b)(i) of the Insolvency and Bankruptcy Code, 2016, due to failed attempts at approving a resolution plan. Despite efforts to consider resolution plans, including one by a Prospective Resolution Applicant, none were approved by the Committee of Creditors. The Tribunal appointed the Resolution Professional as the Liquidator under Section 34(1) of the Code to conduct the liquidation proceedings, emphasizing the need for timely resolution under the Code. Case-Laws Insolvency and Bankruptcy Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428397