https://www.taxtmi.com/caselaws?id=352943 The Tribunal dismissed applications seeking to compel the Committee of Creditors (CoC) to reconsider its decision or approve a resolution plan with less than a 75% voting share. It upheld the statutory requirement for a supermajority for CoC decisions, emphasizing its limited jurisdiction under the Insolvency and Bankruptcy Code. The Tribunal ordered the liquidation of the Corporate Debtor, appointing the Resolution Professional as the liquidator and directing the continuation of the moratorium and the RP's remuneration during the liquidation process. en-us Fri, 08 Dec 2017 00:00:00 +0530 Wed, 03 Jan 2018 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352943 The Tribunal dismissed applications seeking to compel the Committee of Creditors (CoC) to reconsider its decision or approve a resolution plan with less than a 75% voting share. It upheld the statutory requirement for a supermajority for CoC decisions, emphasizing its limited jurisdiction under the Insolvency and Bankruptcy Code. The Tribunal ordered the liquidation of the Corporate Debtor, appointing the Resolution Professional as the liquidator and directing the continuation of the moratorium and the RP's remuneration during the liquidation process. Case-Laws Insolvency and Bankruptcy Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352943