https://www.taxtmi.com/caselaws?id=430274 The Tribunal granted the liquidation application under section 33 of the Insolvency and Bankruptcy Code for M/s. Sohrab Textiles Mills Ltd. The Committee of Creditors, with 100% voting share, resolved for liquidation due to the absence of a resolution plan. The Resolution Professional was appointed as the Liquidator, and detailed orders were issued for the liquidation process, asset takeover, public announcements, and compliance with IBC regulations. The Tribunal emphasized immediate commencement of the liquidation process and provided directions for reporting, recovery, and communication with relevant authorities. en-us Fri, 28 Oct 2022 00:00:00 +0530 Wed, 16 Nov 2022 08:57:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430274 The Tribunal granted the liquidation application under section 33 of the Insolvency and Bankruptcy Code for M/s. Sohrab Textiles Mills Ltd. The Committee of Creditors, with 100% voting share, resolved for liquidation due to the absence of a resolution plan. The Resolution Professional was appointed as the Liquidator, and detailed orders were issued for the liquidation process, asset takeover, public announcements, and compliance with IBC regulations. The Tribunal emphasized immediate commencement of the liquidation process and provided directions for reporting, recovery, and communication with relevant authorities. Case-Laws Insolvency and Bankruptcy Fri, 28 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430274