https://www.taxtmi.com/caselaws?id=305259 The Committee of Creditors rejected the resolution plan submitted by Jatalia Global Ventures Private Limited, leading to the decision to liquidate the corporate debtor, M/s Case Cold Roll Forming Limited. Despite objections from a suspended director, the decision was upheld due to the absence of a viable plan. The Tribunal emphasized the Committee's discretion in accepting or rejecting plans, ultimately approving the liquidation. The Liquidator was appointed to oversee the process, ensuring the debtor's operations continue and investigating financial matters. The order marked the commencement of the liquidation process in accordance with the Insolvency and Bankruptcy Code, 2016. en-us Tue, 05 Nov 2019 00:00:00 +0530 Tue, 18 Apr 2023 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305259 The Committee of Creditors rejected the resolution plan submitted by Jatalia Global Ventures Private Limited, leading to the decision to liquidate the corporate debtor, M/s Case Cold Roll Forming Limited. Despite objections from a suspended director, the decision was upheld due to the absence of a viable plan. The Tribunal emphasized the Committee's discretion in accepting or rejecting plans, ultimately approving the liquidation. The Liquidator was appointed to oversee the process, ensuring the debtor's operations continue and investigating financial matters. The order marked the commencement of the liquidation process in accordance with the Insolvency and Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Tue, 05 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305259