https://www.taxtmi.com/caselaws?id=794645 Liquidation under the Insolvency and Bankruptcy Code was upheld where the corporate insolvency resolution process was repeatedly extended, no resolution plan emerged, a proposed one-time settlement was not honoured, and the committee of creditors approved liquidation with 100% voting. The appellate tribunal found no valid objection to the liquidation application and no legal infirmity in proceeding under Section 33(1)(a). On those facts, interference with the liquidation order was not warranted. en-us Mon, 06 Jul 2026 00:00:00 +0530 Thu, 09 Jul 2026 08:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794645 Liquidation under the Insolvency and Bankruptcy Code was upheld where the corporate insolvency resolution process was repeatedly extended, no resolution plan emerged, a proposed one-time settlement was not honoured, and the committee of creditors approved liquidation with 100% voting. The appellate tribunal found no valid objection to the liquidation application and no legal infirmity in proceeding under Section 33(1)(a). On those facts, interference with the liquidation order was not warranted. Case-Laws IBC Mon, 06 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794645