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2023 (2) TMI 378 - AT - Insolvency and BankruptcyLiquidation of Corporate Debtor - Section 33 of the I&B Code read with Rule 11 of the NCLT Rules 2016 - HELD THAT:- It is observed that during the Corporate Insolvency Resolution Process all possible steps as required under the Insolvency and Bankruptcy Code, 2016 were taken and the Committee of Creditors did not receive any resolution plan/proposal for revival of the Company. Further, the Committee of Creditors in its wisdom has resolved with 99.78% voting share in favour of the liquidation of the Company. The impugned order passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai Bench, Court No.-I) is hereby affirmed - Appeal dismissed.
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