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2020 (1) TMI 1564 - Tri - Companies LawSeeking Liquidation of Corporate Debtor - Section 33(1) and 33(2) of the code - HELD THAT:- The provisions of Section 33(l)(a)(i) make it amply clear that if no Resolution Plan is received within the statutory timeline stipulated under Section 12 of the IBC 2016, it is mandatory for this Tribunal to Order Liquidation of the Corporate Debtor. The Application is allowed, ordering Liquidation of the Corporate Debtor.
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