https://www.taxtmi.com/news?id=57116 Ordering liquidation under the Insolvency and Bankruptcy Code is a last resort and courts should ordinarily not interfere with the Committee of Creditors' commercial wisdom as such intervention would undermine the IBC's aims of keeping the corporate debtor viable and realising creditor dues. The CoC retains a vital interest in an approved resolution plan until the plan is implemented, since payments to creditors arise only after implementation, and insolvency regulations permit the CoC to function until either plan approval or a liquidation order is passed. en-us Fri, 26 Sep 2025 22:46:03 +0530 Fri, 26 Sep 2025 22:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=57116 Ordering liquidation under the Insolvency and Bankruptcy Code is a last resort and courts should ordinarily not interfere with the Committee of Creditors' commercial wisdom as such intervention would undermine the IBC's aims of keeping the corporate debtor viable and realising creditor dues. The CoC retains a vital interest in an approved resolution plan until the plan is implemented, since payments to creditors arise only after implementation, and insolvency regulations permit the CoC to function until either plan approval or a liquidation order is passed. News - Fri, 26 Sep 2025 22:46:03 +0530 https://www.taxtmi.com/news?id=57116