https://www.taxtmi.com/caselaws?id=359514 The Tribunal found the Committee of Creditors' (CoC) decision to reject Liberty House Group Pte. Limited's resolution plan based on delayed submission was not legally sustainable. The rejection was deemed unjustified as internal deadlines lacked statutory backing and transparency, violating fairness principles. Liberty House met eligibility criteria, and the CoC's decision was criticized for lacking transparency. The Tribunal emphasized judicial review to ensure compliance with the Insolvency and Bankruptcy Code, directing the CoC to consider Liberty House's plan without delay grounds. The decision highlighted transparency, fairness, and statutory adherence in the insolvency resolution process. en-us Mon, 23 Apr 2018 00:00:00 +0530 Tue, 01 May 2018 06:29:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359514 The Tribunal found the Committee of Creditors' (CoC) decision to reject Liberty House Group Pte. Limited's resolution plan based on delayed submission was not legally sustainable. The rejection was deemed unjustified as internal deadlines lacked statutory backing and transparency, violating fairness principles. Liberty House met eligibility criteria, and the CoC's decision was criticized for lacking transparency. The Tribunal emphasized judicial review to ensure compliance with the Insolvency and Bankruptcy Code, directing the CoC to consider Liberty House's plan without delay grounds. The decision highlighted transparency, fairness, and statutory adherence in the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Mon, 23 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359514