https://www.taxtmi.com/caselaws?id=431252 The Tribunal dismissed three appeals challenging the order allowing liquidation of a Corporate Debtor under Section 33 of the Insolvency and Bankruptcy Code, 2016. The appeals sought to set aside the liquidation order and reconsider a resolution plan, arguing for the Tribunal to refer the matter back to the Committee of Creditors. The Tribunal held that the Code's self-contained nature precluded the application of Rule 11 of the NCLAT Rules, 2016, and found the arguments insufficient to overturn the order, leading to the dismissal of all appeals without costs awarded. en-us Mon, 05 Dec 2022 00:00:00 +0530 Fri, 09 Dec 2022 09:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431252 The Tribunal dismissed three appeals challenging the order allowing liquidation of a Corporate Debtor under Section 33 of the Insolvency and Bankruptcy Code, 2016. The appeals sought to set aside the liquidation order and reconsider a resolution plan, arguing for the Tribunal to refer the matter back to the Committee of Creditors. The Tribunal held that the Code's self-contained nature precluded the application of Rule 11 of the NCLAT Rules, 2016, and found the arguments insufficient to overturn the order, leading to the dismissal of all appeals without costs awarded. Case-Laws Insolvency and Bankruptcy Mon, 05 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431252