https://www.taxtmi.com/caselaws?id=397894 The current Member concurred with the decision of the Hon'ble Member (Judicial) who allowed the liquidation application under section 33(1)(a) of the IB Code. The decision was based on Supreme Court precedents emphasizing the commercial wisdom of the Committee of Creditors (COC) and their authority in maximizing the asset value of the Corporate Debtor. The current Member allowed the application filed by the RP, highlighting that the COC holds the ultimate decision-making power on creditor payments. en-us Tue, 26 May 2020 00:00:00 +0530 Mon, 31 Aug 2020 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397894 The current Member concurred with the decision of the Hon'ble Member (Judicial) who allowed the liquidation application under section 33(1)(a) of the IB Code. The decision was based on Supreme Court precedents emphasizing the commercial wisdom of the Committee of Creditors (COC) and their authority in maximizing the asset value of the Corporate Debtor. The current Member allowed the application filed by the RP, highlighting that the COC holds the ultimate decision-making power on creditor payments. Case-Laws Insolvency and Bankruptcy Tue, 26 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397894