NCLT Orders Liquidation After CoC Rejects All Resolution Plans With Majority Vote

State Bank of India Vs Shreem Corporation Limited (NCLT Mumbai) The National Company Law Tribunal, Mumbai Bench, considered an application filed by the Resolution Professional of Shreem Corporation Limited seeking initiation of liquidation proceedings under Section 33(2) of the Insolvency and Bankruptcy Code, 2016 (IBC). The Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor had commenced through an order dated 22.09.2021, and the applicant was appointed as the Interim Resolution Professional. Public announcements inviting claims from creditors were published on 07.10....