https://www.taxtmi.com/caselaws?id=308064 The Interlocutory Application under section 60(5) of the Insolvency and Bankruptcy Code, 2016 seeking closure of the liquidation process and recording new directors for a corporate debtor was allowed by the Tribunal. The liquidator's request for closure of the liquidation process in compliance with regulations and updating the names of new directors was granted. The successful bidder in the e-auction process was Progressive Star Finance Pvt. Ltd. The Tribunal directed the closure of the bank account and updating the company's status with the Registrar of Companies. en-us Thu, 03 Mar 2022 00:00:00 +0530 Sun, 28 May 2023 22:18:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308064 The Interlocutory Application under section 60(5) of the Insolvency and Bankruptcy Code, 2016 seeking closure of the liquidation process and recording new directors for a corporate debtor was allowed by the Tribunal. The liquidator's request for closure of the liquidation process in compliance with regulations and updating the names of new directors was granted. The successful bidder in the e-auction process was Progressive Star Finance Pvt. Ltd. The Tribunal directed the closure of the bank account and updating the company's status with the Registrar of Companies. Case-Laws Insolvency and Bankruptcy Thu, 03 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308064