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2020 (10) TMI 266 - NATIONAL COMPANY LAW TRIBUNAL , AHMEDABAD BENCHLiquidation of Corporate Debtor - Section 33(1) and 33(2) of the IB Code - HELD THAT:- There are no reason to adjourn the matter on the request of the Suspended Management, who has no role as of now. More so, if at all, Suspended Management wishes to file any objection or any representation, they could have done it just after passing of the resolution by the Committee of Creditors for liquidation of Corporate Debtor - Under such circumstances, the matter cannot be adjourned. Liquidation ordered - moratorium declared under Section 14 of the IB Code shall cease to have effect from the date of the order of liquidation.
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