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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.

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CIRP of M.I. Buildtech Pvt. L...

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