https://www.taxtmi.com/highlights?id=104456 Section 33(1)(a) requires liquidation when the CIRP expires without a resolution plan submitted under Section 30(6) or a valid extension. This consequence operates independently of liquidation initiated through a Committee of Creditors resolution under Section 33(2); failure of that separate proposal to receive the required vote does not prevent liquidation. The Committee's commercial wisdom remains subject to statutory CIRP timelines and cannot revive an expired process. Post-expiry directions, later expressions of interest, and MSME eligibility cannot replace a resolution plan submitted and processed within the prescribed period. en-us Sat, 03 Oct 2026 09:32:28 +0530 Sat, 03 Oct 2026 09:32:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=104456 Section 33(1)(a) requires liquidation when the CIRP expires without a resolution plan submitted under Section 30(6) or a valid extension. This consequence operates independently of liquidation initiated through a Committee of Creditors resolution under Section 33(2); failure of that separate proposal to receive the required vote does not prevent liquidation. The Committee's commercial wisdom remains subject to statutory CIRP timelines and cannot revive an expired process. Post-expiry directions, later expressions of interest, and MSME eligibility cannot replace a resolution plan submitted and processed within the prescribed period. Highlights IBC Sat, 03 Oct 2026 09:32:28 +0530 https://www.taxtmi.com/highlights?id=104456