Corporate Debtor to be liquidated u/s 33(1)(a) IBC 2016 after no resolution plan in 270 days.

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Full Text of the Document

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....Liquidation of Corporate Debtor u/s 33(1)(a) of the I&B Code - no Resolution Plan has been received by this Authority under sub-section (6) of Section 30 of the I&B Code, 2016, before the expiry of the maximum period of 270 days of CIR Process, the Corporate Debtor has to be ordered for Liquidation....