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Corporate Debtor ordered for liquidation on expiry of CIRP as no resolution plan was received

January 3, 2020[2019] 112 292 (NCLT- Chennai )

IBC : Corporate debtor was to be ordered for liquidation as no resolution plan was received by adjudicating authority before expiry of CIRP period of 180 days and in meeting of CoC, sole member of CoC having 100 per cent voting rights voted in favour of liquidation

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