As per the case facts a Resolution Plan approved by the NCLAT nearly five years ago has seen no significant progress The case involves issues such as non-payment of airport ... dues and employee wages and questions about whether the conditions precedent were met This appeal centers on the enforcement of the Resolution Plan and the potential forfeiture of funds and activation of a Performance Bank Guarantee The question arose whether the Performance Bank Guarantee could be used against the initial payment in a way that violated court orders the Resolution Plan and legal provisions and whether the necessary conditions for the Resolution Plan were met necessitating intervention under the Insolvency and Bankruptcy Code Finally due to the lack of progress the Supreme Court invoked Article of the Constitution ordering the Corporate Debtor to be liquidated The NCLT Mumbai is now tasked with appointing a liquidator and completing all necessary liquidation formalities The amount already put in by the SRA was forfeited and the Lenders Creditors were allowed to cash in the Performance Bank Guarantee