https://www.taxtmi.com/caselaws?id=768466 A liquidation decision taken by the committee of creditors after receipt of no compliant resolution plan will not be interfered with when it reflects commercial judgment under Section 33(2) of the Insolvency and Bankruptcy Code, 2016 and no arbitrariness or illegality is shown. The recommendation to first explore sale of the corporate debtor as a going concern is fact-sensitive under the liquidation regulations and does not compel a particular mode of sale where the business has ceased and assets are non-operational. The separate statutory route of compromise or arrangement under the liquidation framework and Section 230 of the Companies Act, 2013 remains available within the permissible period. en-us Fri, 04 Apr 2025 00:00:00 +0530 Tue, 08 Apr 2025 08:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768466 A liquidation decision taken by the committee of creditors after receipt of no compliant resolution plan will not be interfered with when it reflects commercial judgment under Section 33(2) of the Insolvency and Bankruptcy Code, 2016 and no arbitrariness or illegality is shown. The recommendation to first explore sale of the corporate debtor as a going concern is fact-sensitive under the liquidation regulations and does not compel a particular mode of sale where the business has ceased and assets are non-operational. The separate statutory route of compromise or arrangement under the liquidation framework and Section 230 of the Companies Act, 2013 remains available within the permissible period. Case-Laws IBC Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768466