https://www.taxtmi.com/caselaws?id=770668 The NCLAT dismissed appeals challenging a liquidation order, finding the Committee of Creditors' decision to liquidate the corporate debtor was not arbitrary under Section 33(2) of IBC. The tribunal rejected arguments regarding non-consideration of addendums to improve financial proposals, noting the adjudicating authority's final order on this matter. However, the NCLAT granted liberty to the appellant to submit a compromise or arrangement scheme under Regulation 2B by 20.05.2025, clarifying that this provision operates independently of other regulatory requirements for liquidation proceedings. en-us Thu, 01 May 2025 00:00:00 +0530 Thu, 15 May 2025 07:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770668 The NCLAT dismissed appeals challenging a liquidation order, finding the Committee of Creditors' decision to liquidate the corporate debtor was not arbitrary under Section 33(2) of IBC. The tribunal rejected arguments regarding non-consideration of addendums to improve financial proposals, noting the adjudicating authority's final order on this matter. However, the NCLAT granted liberty to the appellant to submit a compromise or arrangement scheme under Regulation 2B by 20.05.2025, clarifying that this provision operates independently of other regulatory requirements for liquidation proceedings. Case-Laws IBC Thu, 01 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770668