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IBC - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Liquidation of Corporate Debtor - rejection of resolution plans ...


Corporate Debtor Faces Liquidation After CoC Rejects All Resolution Plans; Section 33 IBC 2016 Invoked.

May 18, 2019

Case Laws     Insolvency and Bankruptcy     Tri

Liquidation of Corporate Debtor - rejection of resolution plans - no Resolution Plan having been approved by the CoC within the period of CIRP of 180 days as well as the extended period of 90 days - only recourse is to press the liquidation mode as provided u/s 33 of IBC, 2016

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