https://www.taxtmi.com/highlights?id=75186 Liquidation of the Corporate Debtor under Section 33 of the IBC - The appellant contended that the RP misled the CoC regarding the possession and valuation of assets, which led to an unjust liquidation decision. The appellants also claimed that the CoC's decision was made without adequately considering potential resolution plans. - The NCLAt dismissed the appeals, affirming the Adjudicating Authority's order to liquidate Bil Energy Systems Limited. It held that the CoC's decision was made in compliance with the IBC and that there was no evidence of material irregularity or fraud that would warrant overturning the liquidation order. en-us Mon, 26 Feb 2024 07:42:28 +0530 Mon, 26 Feb 2024 07:42:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75186 Liquidation of the Corporate Debtor under Section 33 of the IBC - The appellant contended that the RP misled the CoC regarding the possession and valuation of assets, which led to an unjust liquidation decision. The appellants also claimed that the CoC's decision was made without adequately considering potential resolution plans. - The NCLAt dismissed the appeals, affirming the Adjudicating Authority's order to liquidate Bil Energy Systems Limited. It held that the CoC's decision was made in compliance with the IBC and that there was no evidence of material irregularity or fraud that would warrant overturning the liquidation order. Highlights Insolvency and Bankruptcy Mon, 26 Feb 2024 07:42:28 +0530 https://www.taxtmi.com/highlights?id=75186