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2019 (7) TMI 1187 - AT - Insolvency and BankruptcyLiquidation Order - Section 33 (1) (a) of the Insolvency and Bankruptcy Code, 2016 - According to learned counsel for the Appellant, the order of liquidation may affect the ‘Corporate Debtor’ and if the Central Government comes to know that it has gone for liquidation, it may not allow subsidies - HELD THAT:- It is still open to the Ministry of Electronics & Information Technology to release subsidies, if otherwise permissible, as in spite of the order of liquidation, the ‘Corporate Debtor’ is to continue as a going concern to ensure revival and resolution even during the liquidation process. The Competent Authority of the Ministry of Electronics & Information Technology will consider the case of the ‘Corporate Debtor’ in terms with the direction of the Hon’ble High Court of Delhi, as referred to above, uninfluenced by the order of liquidation, as the ‘Corporate Debtor’ is to continue as a going concern. Appeal disposed off.
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