https://www.taxtmi.com/caselaws?id=768599 Liquidation ordered on the commercial wisdom of the committee of creditors was not interfered with because no illegality or perversity in the decision-making process was shown. The liquidation process had substantially progressed to completion, with assets sold and possession delivered to the auction purchaser, and an application for closure of liquidation and dissolution already pending. In those circumstances, appellate interference would unsettle completed steps and affect third-party rights that had arisen, so the challenge to the liquidation order was not sustainable. en-us Tue, 01 Apr 2025 00:00:00 +0530 Thu, 10 Apr 2025 08:32:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768599 Liquidation ordered on the commercial wisdom of the committee of creditors was not interfered with because no illegality or perversity in the decision-making process was shown. The liquidation process had substantially progressed to completion, with assets sold and possession delivered to the auction purchaser, and an application for closure of liquidation and dissolution already pending. In those circumstances, appellate interference would unsettle completed steps and affect third-party rights that had arisen, so the challenge to the liquidation order was not sustainable. Case-Laws IBC Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768599