https://www.taxtmi.com/caselaws?id=305966 The Tribunal rejected applications seeking extensions to submit resolution plans and ordered the liquidation of the Corporate Debtor. Mr. Kuldeep Verma was appointed as the Liquidator, with all powers vested in him. Public notices were to be issued, and the Board of Directors' powers ceased. The Tribunal emphasized adherence to timelines under the Insolvency and Bankruptcy Code, 2016, upholding the CoC's decision for liquidation. en-us Wed, 06 Apr 2022 00:00:00 +0530 Mon, 02 Jan 2023 21:14:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305966 The Tribunal rejected applications seeking extensions to submit resolution plans and ordered the liquidation of the Corporate Debtor. Mr. Kuldeep Verma was appointed as the Liquidator, with all powers vested in him. Public notices were to be issued, and the Board of Directors' powers ceased. The Tribunal emphasized adherence to timelines under the Insolvency and Bankruptcy Code, 2016, upholding the CoC's decision for liquidation. Case-Laws Insolvency and Bankruptcy Wed, 06 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305966