https://www.taxtmi.com/caselaws?id=402854 The appeal was dismissed, affirming the Adjudicating Authority's order for the liquidation of the Corporate Debtor. The Tribunal upheld the Committee of Creditors' decision to reject the resolution plan due to the appellant's status as a willful defaulter and non-compliance with statutory requirements. The Tribunal emphasized that the COC's commercial decisions are non-justiciable and not subject to judicial review, citing the Supreme Court's precedent. en-us Tue, 12 Jan 2021 00:00:00 +0530 Thu, 14 Jan 2021 11:36:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402854 The appeal was dismissed, affirming the Adjudicating Authority's order for the liquidation of the Corporate Debtor. The Tribunal upheld the Committee of Creditors' decision to reject the resolution plan due to the appellant's status as a willful defaulter and non-compliance with statutory requirements. The Tribunal emphasized that the COC's commercial decisions are non-justiciable and not subject to judicial review, citing the Supreme Court's precedent. Case-Laws Insolvency and Bankruptcy Tue, 12 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402854