<h1>Liquidation under IBC Section 33 is a last resort; Committee of Creditors' commercial wisdom and approved resolution plan prevail</h1> The Supreme Court held that liquidation under the Insolvency and Bankruptcy Code must be a last resort, upholding an acquirer's resolution plan for a debt-ridden corporate debtor and affirming the appellate body's prior decision granting the acquirer immunity from enforcement prosecution. The court ruled that judicial interference with the commercial wisdom of the Committee of Creditors is ordinarily non-justiciable and set aside its earlier order directing liquidation. The judgment emphasized that the CoC retains vital interests and authority until a resolution plan is implemented, warning that premature liquidation would leave creditors disadvantaged and undermine the IBC's objectives.