2020 (10) TMI 1306

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..... o settle with the Creditors, the instant appeal is dismissed with observation that the dismissal this appeal shall not preclude the Corporate Debtor from advancing proposal or floating a scheme/ settlement in terms of aforesaid provision. The appeal is dismissed. - Company Appeal (AT) (Insolvency) No. 915 of 2020 - - - Dated:- 20-10-2020 - Justice Bansi Lal Bhat, Acting Chairperson, Justic .....

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..... liquidation cannot be called in question and the same is not justiciable. It is not permissible to sit over the decision of Committee of Creditors when it decides to liquidate the Corporate Debtor, that too with 100% voting share. Commercial wisdom is the domain of Committee of Creditors and same is beyond the pale of challenge in so far as taking a business decision is concerned. In absence of a .....

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