https://www.taxtmi.com/caselaws?id=362026 Insolvency resolution requires process documents and evaluation matrices to support, rather than override, value maximisation and fair stakeholder treatment under the Insolvency and Bankruptcy Code. Resolution professionals must act independently and transparently, keep resolution costs reasonable and necessary, and permit suspended-board representatives to participate in committee meetings as required. Viable revised offers submitted before expiry of the CIRP period and plan approval require substantive consideration where they may improve creditor realisation. Resolution plans should apply coherent and fair treatment to similarly placed unsecured financial creditors, safeguard operational creditors' claims, and ensure their representation where the statutory threshold is met. Incomplete claim verification or unequal creditor treatment may require reconsideration of the resolution process and plan. en-us Wed, 02 May 2018 00:00:00 +0530 Mon, 18 Jun 2018 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362026 Insolvency resolution requires process documents and evaluation matrices to support, rather than override, value maximisation and fair stakeholder treatment under the Insolvency and Bankruptcy Code. Resolution professionals must act independently and transparently, keep resolution costs reasonable and necessary, and permit suspended-board representatives to participate in committee meetings as required. Viable revised offers submitted before expiry of the CIRP period and plan approval require substantive consideration where they may improve creditor realisation. Resolution plans should apply coherent and fair treatment to similarly placed unsecured financial creditors, safeguard operational creditors' claims, and ensure their representation where the statutory threshold is met. Incomplete claim verification or unequal creditor treatment may require reconsideration of the resolution process and plan. Case-Laws Insolvency and Bankruptcy Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362026