https://www.taxtmi.com/caselaws?id=373358 The tribunal allowed the applicant's request and directed the Committee of Creditors (CoC) to reconsider the resolution plan within two weeks, emphasizing the importance of transparency and the right of the resolution applicant to be heard. The Resolution Professional (RP) was instructed to submit a status report promptly. The tribunal found that the applicant was not afforded a fair opportunity, violating the principle of natural justice, and mandated compliance with statutory provisions and regulations in the resolution process. en-us Thu, 13 Dec 2018 00:00:00 +0530 Fri, 11 Jan 2019 10:56:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373358 The tribunal allowed the applicant's request and directed the Committee of Creditors (CoC) to reconsider the resolution plan within two weeks, emphasizing the importance of transparency and the right of the resolution applicant to be heard. The Resolution Professional (RP) was instructed to submit a status report promptly. The tribunal found that the applicant was not afforded a fair opportunity, violating the principle of natural justice, and mandated compliance with statutory provisions and regulations in the resolution process. Case-Laws Insolvency and Bankruptcy Thu, 13 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373358