https://www.taxtmi.com/caselaws?id=768604 A committee of creditors may abstain from voting on a resolution plan, and such abstention falls within its commercial wisdom; it cannot be treated as an improper non-decision or a ground for judicial interference by an unsuccessful resolution applicant. If no resolution plan is approved before expiry of the extended CIRP period, the resolution professional must seek liquidation under the Code. Where the sole creditor consents to the liquidation application and nominates the liquidator, the filing and grant of liquidation are legally valid. en-us Fri, 04 Apr 2025 00:00:00 +0530 Thu, 10 Apr 2025 08:32:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768604 A committee of creditors may abstain from voting on a resolution plan, and such abstention falls within its commercial wisdom; it cannot be treated as an improper non-decision or a ground for judicial interference by an unsuccessful resolution applicant. If no resolution plan is approved before expiry of the extended CIRP period, the resolution professional must seek liquidation under the Code. Where the sole creditor consents to the liquidation application and nominates the liquidator, the filing and grant of liquidation are legally valid. Case-Laws IBC Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768604