https://www.taxtmi.com/caselaws?id=293160 The Appellate Tribunal upheld the Adjudicating Authority's decision for the liquidation of the Corporate Debtor due to the absence of a viable Resolution Plan. Despite the Appellant's claims of available plans, the Committee of Creditors recommended liquidation unanimously, as no compliant plan was presented. The Tribunal found no grounds to overturn the liquidation order, emphasizing the importance of adherence to statutory requirements. The appeal challenging the liquidation order was dismissed, with no costs imposed. en-us Wed, 11 Jul 2018 00:00:00 +0530 Wed, 27 Jan 2021 18:59:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293160 The Appellate Tribunal upheld the Adjudicating Authority's decision for the liquidation of the Corporate Debtor due to the absence of a viable Resolution Plan. Despite the Appellant's claims of available plans, the Committee of Creditors recommended liquidation unanimously, as no compliant plan was presented. The Tribunal found no grounds to overturn the liquidation order, emphasizing the importance of adherence to statutory requirements. The appeal challenging the liquidation order was dismissed, with no costs imposed. Case-Laws Insolvency and Bankruptcy Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293160