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2020 (10) TMI 1306 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL NEW DELHILiquidation of corporate Debtor - allegation is that sole creditor constitutes the Committee of Creditors and the decision taken to liquidate the Corporate Debtor is vindictive and malafide - HELD THAT:- Keeping the fact that the Corporate Debtor intends to 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.
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