https://www.taxtmi.com/caselaws?id=378466 The Tribunal approved the Revised Resolution Plan dated 26.05.2018, along with the addendum dated 05.06.2018, under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code. The plan was accepted by the Committee of Creditors with a 79.79% majority vote, deemed compliant with the IBC and beneficial for all stakeholders. Intervention applications challenging the plan were dismissed for lack of merit, emphasizing the CoC's commercial wisdom. The Tribunal highlighted the limited jurisdiction to interfere with CoC decisions, emphasizing the IBC's objective of resolution over liquidation. en-us Wed, 27 Feb 2019 00:00:00 +0530 Tue, 16 Apr 2019 15:51:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378466 The Tribunal approved the Revised Resolution Plan dated 26.05.2018, along with the addendum dated 05.06.2018, under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code. The plan was accepted by the Committee of Creditors with a 79.79% majority vote, deemed compliant with the IBC and beneficial for all stakeholders. Intervention applications challenging the plan were dismissed for lack of merit, emphasizing the CoC's commercial wisdom. The Tribunal highlighted the limited jurisdiction to interfere with CoC decisions, emphasizing the IBC's objective of resolution over liquidation. Case-Laws Insolvency and Bankruptcy Wed, 27 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378466