https://www.taxtmi.com/caselaws?id=293161 The appeal against the liquidation order under Section 33 of the Insolvency and Bankruptcy Code, 2016 was dismissed by the Appellate Tribunal. The Tribunal upheld the decision of the Committee of Creditors, stating that all Resolution Plans were considered, but due to the lack of a viable plan and time constraints, liquidation was recommended. The Tribunal emphasized that it cannot question the expertise of the Committee of Creditors in assessing the viability and feasibility of the Resolution Plan, leading to the dismissal of the appeal without costs awarded. en-us Mon, 23 Jul 2018 00:00:00 +0530 Wed, 27 Jan 2021 18:59:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293161 The appeal against the liquidation order under Section 33 of the Insolvency and Bankruptcy Code, 2016 was dismissed by the Appellate Tribunal. The Tribunal upheld the decision of the Committee of Creditors, stating that all Resolution Plans were considered, but due to the lack of a viable plan and time constraints, liquidation was recommended. The Tribunal emphasized that it cannot question the expertise of the Committee of Creditors in assessing the viability and feasibility of the Resolution Plan, leading to the dismissal of the appeal without costs awarded. Case-Laws Insolvency and Bankruptcy Mon, 23 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293161