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NCLAT upheld liquidation order as there was no feasible resolution plan and CIRP period of 270 days had also expired

June 20, 2019[2019] 107 taxmann.com 254 (NCL-AT)
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IBC : Where NCLT ordered liquidation of corporate debtor as there was no viable and feasible resolution plan and permissible period of 270 days required for completion of CIRP had also passed, decision of NCLT of liquidation of corporate debtor was to be upheld

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