Go Airline liquidation justified as CoC empowered to decide liquidation of Corporate Debtor

Busy Bee Airways Pvt. Ltd. Vs Dinkar T Venkatasubramanian (NCLAT Delhi) NCLAT Delhi held that as per section 33(2) of the Insolvency and Bankruptcy Code, CoC is empowered to take decision to liquidate the Corporate Debtor thus resolution passed with 100% vote share directing for liquidation of Corporate Debtor [Go Airlines] justified. Thus, order passed by Adjudicating Authority allowing Liquidation Application upheld. Facts- The present appeals have been filed challenging order dated 20.01.2025 passed by National Company Law Tribunal, Court V, New Delhi allowing the Liquidation Application an...