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2022 (7) TMI 616 - AT - Insolvency and BankruptcyLiquidation of the Corporate Debtor - CoC in its 8th Meeting held on 08.01.2022 unanimously resolved to file an application for liquidating the Corporate Debtor - HELD THAT:- In the present case, despite calling EoI twice no Resolution Applications received for the Resolution of the Corporate Debtor. Therefore, the CoC took a decision in their commercial wisdom with a majority voting share to liquidate the Corporate Debtor. The fact remains that the Appellant’s settlement proposal was not considered by the CoC for the reasons that it was not viable. This Tribunal comes to an irresistible and inescapable conclusion that the Appellant failed to make out any case either on law or on facts. It is made clear that there is no legal infirmity or illegality in the order passed by the Adjudicating Authority dated 28.04.2022 - Appeal dismissed.
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