https://www.taxtmi.com/caselaws?id=305033 The Tribunal ordered the liquidation of the Corporate Debtor based on the Committee of Creditors' decision and the provisions of the IBC, 2016. The moratorium was lifted, and the powers of the Board of Directors were vested in the Company Liquidator appointed by the Tribunal. Additionally, the Tribunal directed the Committee of Creditors to pay the fees and expenses of the Resolution Professional as unanimously ratified. The matter was scheduled for the appointment of a Liquidator on a future date. en-us Wed, 13 Nov 2019 00:00:00 +0530 Sat, 12 Nov 2022 09:13:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305033 The Tribunal ordered the liquidation of the Corporate Debtor based on the Committee of Creditors' decision and the provisions of the IBC, 2016. The moratorium was lifted, and the powers of the Board of Directors were vested in the Company Liquidator appointed by the Tribunal. Additionally, the Tribunal directed the Committee of Creditors to pay the fees and expenses of the Resolution Professional as unanimously ratified. The matter was scheduled for the appointment of a Liquidator on a future date. Case-Laws Insolvency and Bankruptcy Wed, 13 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305033