Application for ordering liquidation of Go Airlines (India) Limited allowed

Go Airlines (India) Limited Vs Shailendra Ajmera (NCLT Delhi) Conclusion: Since the decision taken by the CoC for liquidation in commercial wisdom of the CoC should not be interfered with by the Adjudicating Authority and the resolution for liquidation of the Corporate Debtor was approved by CoC with 100% voting, therefore, this Adjudicating Authority found no merit in interfering with the commercial wisdom of the CoC. Held: Applicant submitted that the Adjudicating Authority vide its order had initiated the Corporate Insolvency Resolution Process against M/s Go Airlines (India) Limited (̵...