https://www.taxtmi.com/caselaws?id=300828 The Tribunal upheld the order of liquidation of a Corporate Debtor, emphasizing the non-justiciability of the Committee of Creditors' commercial decisions unless there are material irregularities. The Appellant's offer to settle creditor claims during liquidation was noted, with the Tribunal highlighting the option for the Corporate Debtor to settle under Section 230 of the Companies Act, 2013. Despite dismissing the appeal, the Tribunal allowed the Corporate Debtor to pursue settlement options, indicating a possibility for resolution outside the appeal process. en-us Tue, 20 Oct 2020 00:00:00 +0530 Sun, 27 Feb 2022 20:35:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300828 The Tribunal upheld the order of liquidation of a Corporate Debtor, emphasizing the non-justiciability of the Committee of Creditors' commercial decisions unless there are material irregularities. The Appellant's offer to settle creditor claims during liquidation was noted, with the Tribunal highlighting the option for the Corporate Debtor to settle under Section 230 of the Companies Act, 2013. Despite dismissing the appeal, the Tribunal allowed the Corporate Debtor to pursue settlement options, indicating a possibility for resolution outside the appeal process. Case-Laws Insolvency and Bankruptcy Tue, 20 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300828