https://www.taxtmi.com/caselaws?id=469309 The article notes that the Committee of Creditors' overwhelming approval of a 60-day exclusion from the Corporate Insolvency Resolution Process was treated as an exercise of commercial wisdom, given pending litigation, continued resolution prospects and other CIRP developments. It also states that liquidation is a last resort in insolvency, and that the corporate debtor's substantial assets and viable resolution possibility weighed against liquidation. The dissent of a small minority financial creditor was considered insufficient to displace the majority view. On that basis, the exclusion was upheld and the request for liquidation was rejected. en-us Tue, 18 Feb 2025 00:00:00 +0530 Sat, 13 Jun 2026 21:16:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469309 The article notes that the Committee of Creditors' overwhelming approval of a 60-day exclusion from the Corporate Insolvency Resolution Process was treated as an exercise of commercial wisdom, given pending litigation, continued resolution prospects and other CIRP developments. It also states that liquidation is a last resort in insolvency, and that the corporate debtor's substantial assets and viable resolution possibility weighed against liquidation. The dissent of a small minority financial creditor was considered insufficient to displace the majority view. On that basis, the exclusion was upheld and the request for liquidation was rejected. Case-Laws IBC Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469309