https://www.taxtmi.com/caselaws?id=300642 The Appellate Tribunal dismissed the appeal challenging the order sending the Corporate Debtor into liquidation, emphasizing the Committee of Creditors' authority to decide on liquidation, even after approving a Resolution Plan but before confirmation by the Adjudicating Authority. The Tribunal highlighted the COC's power to make such decisions and stressed the importance of adhering to procedural requirements in insolvency proceedings, as outlined in the Insolvency and Bankruptcy Code, 2016. The appeal was dismissed based on the lack of merit, with the Tribunal underscoring the need for due process and compliance with statutory provisions in insolvency cases. en-us Tue, 02 Mar 2021 00:00:00 +0530 Thu, 17 Feb 2022 07:42:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300642 The Appellate Tribunal dismissed the appeal challenging the order sending the Corporate Debtor into liquidation, emphasizing the Committee of Creditors' authority to decide on liquidation, even after approving a Resolution Plan but before confirmation by the Adjudicating Authority. The Tribunal highlighted the COC's power to make such decisions and stressed the importance of adhering to procedural requirements in insolvency proceedings, as outlined in the Insolvency and Bankruptcy Code, 2016. The appeal was dismissed based on the lack of merit, with the Tribunal underscoring the need for due process and compliance with statutory provisions in insolvency cases. Case-Laws Insolvency and Bankruptcy Tue, 02 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300642