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2021 (8) TMI 1109 - Tri - Insolvency and BankruptcyLiquidation of Corporate Debtor - Section 33 of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- Despite all possible steps as required under the Code taken during the CIRP, the CoC did not receive any viable resolution plan/proposal for revival of the Company. The CoC in its wisdom has resolved in favour of the liquidation of the Company. This Authority has no reason before it to take a contrary view in terms of Section 33(1) (a) of the Code. Therefore, there are no option than to pass an order for liquidation of the Company in the manner laid down in Chapter-Ill of the Code. Application allowed.
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