First liquidation order under the Insolvency Code passed by the – Bar & Bench
After admitting the first resolution plan, the Hyderabad Bench of the NCLT has, in the same week, orally pronounced the first liquidation order under the Insolvency and Bankruptcy Code, 2016. VNR Infrastructures Ltd., the corporate debtor, had filed for initiation of insolvency resolution process in December 2016, under section 10 of the Code, after its…