https://www.taxtmi.com/caselaws?id=775396 The NCLAT upheld the order directing liquidation of the Corporate Debtor, rejecting the challenge to initiation of liquidation during ongoing SARFAESI proceedings. The tribunal found no perversity or legal infirmity in the CoC's decision to liquidate. It noted that the appellant failed to demonstrate any valid grounds against the liquidation order, especially since distribution of assets was already completed, payments made to home buyers, and no assets remained. The appeal was dismissed. en-us Wed, 23 Jul 2025 00:00:00 +0530 Fri, 25 Jul 2025 08:28:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775396 The NCLAT upheld the order directing liquidation of the Corporate Debtor, rejecting the challenge to initiation of liquidation during ongoing SARFAESI proceedings. The tribunal found no perversity or legal infirmity in the CoC's decision to liquidate. It noted that the appellant failed to demonstrate any valid grounds against the liquidation order, especially since distribution of assets was already completed, payments made to home buyers, and no assets remained. The appeal was dismissed. Case-Laws IBC Wed, 23 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775396