IBCArticle·18 August 2026
Coc drives Liquidation decision
By J the App
Executive Summary
The Tribunal held that once the CoC, before confirmation of a resolution plan, resolves to liquidate the Corporate Debtor with at least 66% voting share, Section 33(2) requires the Adjudicating Authority to pass the liquidation order. Repeated failure to receive any EOI or resolution plan reinforced the decision.
Domain | Regulatory | IBC
Background
CIRP of M.I. Buildtech Pvt. L...
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