https://www.taxtmi.com/caselaws?id=295548 The Appellate Tribunal allowed the restoration of the appeal challenging the order of liquidation, despite not being fully convinced of the cause. The appeal was against the order sending the Corporate Debtor into liquidation. The Tribunal upheld the validity of the order sending the Corporate Debtor into liquidation, emphasizing that the initiation of the Corporate Insolvency Resolution Process was proper. The Committee of Creditors' decision for liquidation was deemed valid, as it was based on commercial wisdom and not subject to judicial review. Consequently, the appeal was dismissed as the Corporate Insolvency Resolution Process had concluded without any challenges. en-us Tue, 09 Jun 2020 00:00:00 +0530 Wed, 09 Jun 2021 09:24:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295548 The Appellate Tribunal allowed the restoration of the appeal challenging the order of liquidation, despite not being fully convinced of the cause. The appeal was against the order sending the Corporate Debtor into liquidation. The Tribunal upheld the validity of the order sending the Corporate Debtor into liquidation, emphasizing that the initiation of the Corporate Insolvency Resolution Process was proper. The Committee of Creditors' decision for liquidation was deemed valid, as it was based on commercial wisdom and not subject to judicial review. Consequently, the appeal was dismissed as the Corporate Insolvency Resolution Process had concluded without any challenges. Case-Laws Insolvency and Bankruptcy Tue, 09 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295548