https://www.taxtmi.com/caselaws?id=373676 The Tribunal upheld the Adjudicating Authority's decision to apply the amended provision of Section 30(4) of the Insolvency and Bankruptcy Code to a pending resolution plan, directing the Resolution Professional to resubmit the plan for reconsideration by the Committee of Creditors. It emphasized the importance of Committee of Creditors' approval in the resolution process and excluded the appeal period from the 270-day timeline for the resolution process to ensure timely completion. The judgment clarified the interpretation and application of the amended provision, ensuring a fair and transparent resolution process. en-us Thu, 29 Nov 2018 00:00:00 +0530 Fri, 18 Jan 2019 08:02:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373676 The Tribunal upheld the Adjudicating Authority's decision to apply the amended provision of Section 30(4) of the Insolvency and Bankruptcy Code to a pending resolution plan, directing the Resolution Professional to resubmit the plan for reconsideration by the Committee of Creditors. It emphasized the importance of Committee of Creditors' approval in the resolution process and excluded the appeal period from the 270-day timeline for the resolution process to ensure timely completion. The judgment clarified the interpretation and application of the amended provision, ensuring a fair and transparent resolution process. Case-Laws Insolvency and Bankruptcy Thu, 29 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373676