Achuthan Thazhathehil, promoter of M/s GB Engineering Enterprises Pvt. Ltd. (Corporate Debtor), filed an appeal against the Adjudicating Authority's order for liquidation. The Adjudicating Authority (NCLT Chennai) had entertained an application by the Resolution Professional under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor had applied under Section 10 of I&B Code, citing financial strain due to recession and failed loan restructuring. There were discussions with M/s Andritz Oy for a potential merger. The appellant argued that these factors were not considered by the Adjudicating Authority or the Resolution Professional. The appellate tribunal noted that no resolution plan was submitted despite the publication of an

Achuthan Thazhathehil, promoter of M/s GB Engineering Enterprises Pvt. Ltd. (Corporate Debtor), filed an appeal against the Adjudicating Authority's order for liquidation. The Adjudicating Authority (NCLT Chennai) had entertained an application by the Resolution Professional under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor had applied under Section 10 of I&B Code, citing financial strain due to recession and failed loan restructuring. There were discussions with M/s Andritz Oy for a potential merger. The appellant argued that these factors were not considered by the Adjudicating Authority or the Resolution Professional. The appellate tribunal noted that no resolution plan was submitted despite the publication of an