COC is empowered to take a decision in regard to liquidation of the Corporate Debtor even after an application has been filed by the Resolution Professional placing the Resolution Plan approved by the COC before the Adjudicating Authority for approval – Mr. Gulabchand Jain Vs. Mr. Ramchandra D. Choudhary, Resolution Professional of Vijay Timber Industries Pvt. Ltd. – NCLAT New Delhi

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