IBC - Dissolution of Corporate Debtor - The Insolvency Resolution Process...

Insolvency and Bankruptcy

Dissolution of Corporate Debtor - The Insolvency Resolution Process under the I & B Code, 2016, is a Time Bound Process, and the Appellant / Promoter, having failed to project the Resolution Plan, within the specified time limit and later, the 1st Respondent / Resolution Professional, is not to accept any Plan - the end of Liquidation, requires complete Dissolution of an Entity - The order of dissolution passed by the adjudicating authority is proper, sustained - AT

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