Moser Baer Solar fails to find buyer, heads for liquidation

The NCLT directed Moser Baer Solar to go under liquidation on May 30, after the cash-strapped company failed to get a resolution plan from any buyer within the mandated 270 days. The tribunal appointed a liquidator for the process. Moser Baer Solar is a subsidiary of optical storage media maker Moser Baer India, which is also undergoing liquidation.