https://www.taxtmi.com/caselaws?id=782833 NCLAT dismissed the appeal and upheld the HC's order directing liquidation of the corporate debtor under the IBC. It held that the maximum period of 330 days of CIRP had expired without receipt or approval of any resolution plan, obligating the Adjudicating Authority to order liquidation. The appellant was neither a resolution applicant nor had it placed any valid proposal under s.12A prior to expiry of the CIRP period; its reliance on a post-liquidation third-party investment offer was rejected. The precedent cited by the appellant was distinguished as involving an early-stage liquidation decision within the permissible CIRP period. en-us Mon, 01 Sep 2025 00:00:00 +0530 Fri, 05 Dec 2025 08:12:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782833 NCLAT dismissed the appeal and upheld the HC's order directing liquidation of the corporate debtor under the IBC. It held that the maximum period of 330 days of CIRP had expired without receipt or approval of any resolution plan, obligating the Adjudicating Authority to order liquidation. The appellant was neither a resolution applicant nor had it placed any valid proposal under s.12A prior to expiry of the CIRP period; its reliance on a post-liquidation third-party investment offer was rejected. The precedent cited by the appellant was distinguished as involving an early-stage liquidation decision within the permissible CIRP period. Case-Laws IBC Mon, 01 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782833