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2022 (9) TMI 1065 - Tri - Insolvency and BankruptcyLiquidation of Corporate Debtor - Section 33(2) read with section 60(5) of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- The present application is filed under section 33(2) of the Insolvency and Bankruptcy Code. The CoC has expressed its opinion in the 2nd CoC meeting held on 04.06.2022 that there is no scope of revival or selling the company as going concern and that the Corporate Debtor may be liquidated. Therefore, this Tribunal sees no merit in interfering with the commercial wisdom of the CoC. The application is allowed by ordering liquidation of the corporate debtor, namely M/s. VRJ Traders Private Limited with directions imposed.
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