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    <title>2022 (10) TMI 429 - NATIONAL COMPANY LAW TRIBUNAL , CHENNAI BENCH</title>
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    <description>The Tribunal ordered the liquidation of the Corporate Debtor under Section 33 of the Insolvency and Bankruptcy Code, 2016, following the failure of multiple Resolution Plans and the CoC&#039;s decision for liquidation. Mr. K. Sivalingam was appointed as the Liquidator with specific remuneration terms. The Liquidator was directed to adhere strictly to the IBC provisions, investigate financial affairs, issue public announcements, and communicate with regulatory authorities. The order specified the cessation of the previous Moratorium and initiation of a fresh one under Section 33(5) of the IBC, outlining procedures and timelines for the liquidation process.</description>
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      <description>The Tribunal ordered the liquidation of the Corporate Debtor under Section 33 of the Insolvency and Bankruptcy Code, 2016, following the failure of multiple Resolution Plans and the CoC&#039;s decision for liquidation. Mr. K. Sivalingam was appointed as the Liquidator with specific remuneration terms. The Liquidator was directed to adhere strictly to the IBC provisions, investigate financial affairs, issue public announcements, and communicate with regulatory authorities. The order specified the cessation of the previous Moratorium and initiation of a fresh one under Section 33(5) of the IBC, outlining procedures and timelines for the liquidation process.</description>
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