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2020 (3) TMI 1265 - Tri - Insolvency and BankruptcyLiquidation of the Corporate Debtor - section 33(1), 33(2) and 33(3) of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- CoC does not wish to continue the CIRP process and therefore, the CoC has resolved for liquidation of the Corporate Debtor vide its Ninth meeting dated 13.11.2019. It is also to be noted that this Adjudicating Authority has no jurisdiction to interfere in the commercial wisdom of the CoC as observed in COMMITTEE OF CREDITORS OF ESSAR STEEL INDIA LIMITED THROUGH AUTHORISED SIGNATORY VERSUS SATISH KUMAR GUPTA & OTHERS [2019 (11) TMI 731 - SUPREME COURT]. The Corporate Debtor is allowed to be liquidated - moratorium cease to have effect.
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