https://www.taxtmi.com/caselaws?id=402797 The Appeals challenging the liquidation order under Section 33(2) of the Insolvency and Bankruptcy Code were dismissed. The Appellate Tribunal upheld the order, highlighting the paramount importance of the Committee of Creditors' commercial wisdom in approving the liquidation. The Tribunal also affirmed the inclusion of leasehold properties in the liquidation value, distinguishing the case law relied upon by the Appellants. The decision to propose liquidation over Resolution Plans was deemed appropriate, and the Appeals lacked merit, leading to the dismissal of the case. en-us Tue, 12 Jan 2021 00:00:00 +0530 Wed, 13 Jan 2021 11:39:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402797 The Appeals challenging the liquidation order under Section 33(2) of the Insolvency and Bankruptcy Code were dismissed. The Appellate Tribunal upheld the order, highlighting the paramount importance of the Committee of Creditors' commercial wisdom in approving the liquidation. The Tribunal also affirmed the inclusion of leasehold properties in the liquidation value, distinguishing the case law relied upon by the Appellants. The decision to propose liquidation over Resolution Plans was deemed appropriate, and the Appeals lacked merit, leading to the dismissal of the case. Case-Laws Insolvency and Bankruptcy Tue, 12 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402797