https://www.taxtmi.com/caselaws?id=438528 The NCLT Bengaluru Bench had jurisdiction over the Corporate Debtor's case and justified its dissolution due to lack of assets, approved by the CoC. The Managing Director sought revival efforts citing property sales and funding prospects, but the Respondents highlighted the absence of assets and operational activity. The Tribunal upheld the dissolution, emphasizing CoC's commercial wisdom and minimal judicial interference. The appeal was dismissed, and the dissolution order was deemed legally sound. en-us Thu, 01 Jun 2023 00:00:00 +0530 Sat, 03 Jun 2023 08:53:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438528 The NCLT Bengaluru Bench had jurisdiction over the Corporate Debtor's case and justified its dissolution due to lack of assets, approved by the CoC. The Managing Director sought revival efforts citing property sales and funding prospects, but the Respondents highlighted the absence of assets and operational activity. The Tribunal upheld the dissolution, emphasizing CoC's commercial wisdom and minimal judicial interference. The appeal was dismissed, and the dissolution order was deemed legally sound. Case-Laws Insolvency and Bankruptcy Thu, 01 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438528