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CoC's decision to liquidate corporate debtor accepted as there was no resolution plan and CIRP period has expired

May 23, 2019[2019] 107 45 (NCLT - New Delhi)

IBC : Where best resolution plan received only 19.56 per cent voting shares in CoC and, since CIRP period was expired, CoC with majority of 78.25 per cent voting shares, decided to liquidate corporate debtor, corporate debtor was to be liquidated

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