Liquidator to Keep Corporate Debtor Operational, Seeks Funds from Union of India, Considers Sale u/s 230.

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Full Text of the Document

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....Liquidation and appointment of Liquidator - Liquidator will ensure that ‘Corporate Debtor’ remains a going concern - directed to approach the Union of India through the concerned Department for realization of the funds to ensure that the ‘Corporate Debtor’ remains a going concern or through scheme or arrangement u/s 230 of the Companies Act or through sale as a going concern along with its employees/ workmen to a third party....