CIRP proceedings - validity of order of liquidation - Wither the ...

Liquidation Order Upheld: Resolution Professional's Actions and Directors' Non-Cooperation Lead to Unanimous COC Vote for Liquidation.

September 10, 2022

Case Laws Insolvency and Bankruptcy AT

CIRP proceedings - validity of order of liquidation - Wither the Resolution Professional (RP) has not at all taken any sincere efforts for obtaining appropriate resolution plan - there was complete non-cooperation by the appellants who were suspended directors of the corporate Debtor. It is further evident that COC resolution was with 100% voting for liquidation of the Corporate Debtor and as such we do not find any justification to interfere with the impugned order. - AT

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CIRP proceedings - validity of order of liquidation - Wither the ...

Liquidation Order Upheld: Resolution Professional's Actions and Directors' Non-Cooperation Lead to Unanimous COC Vote for Liquidation.

September 10, 2022

Case Laws Insolvency and Bankruptcy AT

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