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Corporate Debtor dissolution u/s 54 of IBC could be sought after complete Liquidation
Case Law Details
- Case Name
- Janak Jagjivan Shah Vs Committee of Creditors Rainbow Infrabuild Pvt. Ltd. (NCLAT Delhi)
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- NCLAT
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Janak Jagjivan Shah Vs Committee of Creditors Rainbow Infrabuild Pvt. Ltd. (NCLAT Delhi)
Conclusion: When the entity, who had initiated the CIRP was not ready to proceed any further and CIRP period having already come to an end, no further steps were required in the CIRP of the Corporate Debtor and RP could have closed the matter by intimating the Registrar of Companies for striking off the name of Company from the Register of the Companies. CIRP having come to an end and liquidation had not been ordered, no further steps were required to be taken by the RP. The CIRP proceedings might be treat...
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