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2020 (2) TMI 634 - Tri - Insolvency and BankruptcyMaintainability of application - Initiation of Liquidation Proceedings - liquidation of Corporate debtor - HELD THAT:- This Tribunal in the circumstances of the case, taking into consideration the provisions of law as well as on facts, is constrained to order for liquidation of the Corporate Debtor and amidst such background the Corporate Debtor stands liquidated with the incidence of liquidation to follow, on and from the date of this order in terms of the provisions of the IBC, 2016 and more particularly as given in Chapter - III of IBC, 2016 and also in terms of Insolvency and Bankruptcy (Liquidation Process) Regulations, 2017. Application cannot be admitted - Moratorium ceased to have effect.
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