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Liquidation was to be ordered when no resolution plan was received within maximum CIRP period

May 30, 2019[2019] 105 taxmann.com 236 (NCLT- Chennai )
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IBC: Where in meetings, CoC resolved to liquidate corporate debtor but meetings of CoC were adjourned sine die due to stay on CIRP by Supreme Court granting time for depositing outstanding amount but same was not deposited, nor any resolution plan was received within maximum CIRP period of 270 days, liquidation was to be ordered

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