https://www.taxtmi.com/caselaws?id=765151 Where the Committee of Creditors unanimously approved liquidation and no expression of interest emerged despite publication of Form G, the Appellate Tribunal found no realistic prospect of revival of the corporate debtor. It noted that the record showed no identifiable assets, incomplete books, and unresolved questions about capital work, while objections based on alleged forged documents, unverified claims, manipulation of records, and admission of additional documents did not undermine the liquidation decision. The Tribunal treated Section 33(2) of the Insolvency and Bankruptcy Code as leaving limited discretion once the creditor decision to liquidate was conveyed, and declined to interfere with the liquidation order. en-us Thu, 23 Jan 2025 00:00:00 +0530 Mon, 27 Jan 2025 08:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765151 Where the Committee of Creditors unanimously approved liquidation and no expression of interest emerged despite publication of Form G, the Appellate Tribunal found no realistic prospect of revival of the corporate debtor. It noted that the record showed no identifiable assets, incomplete books, and unresolved questions about capital work, while objections based on alleged forged documents, unverified claims, manipulation of records, and admission of additional documents did not undermine the liquidation decision. The Tribunal treated Section 33(2) of the Insolvency and Bankruptcy Code as leaving limited discretion once the creditor decision to liquidate was conveyed, and declined to interfere with the liquidation order. Case-Laws IBC Thu, 23 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765151