https://www.taxtmi.com/caselaws?id=280403 The Tribunal emphasized the authority of expert bodies like the Committee of Creditors in determining eligibility criteria for Resolution Applicants. It clarified that the Adjudicating Authority does not have jurisdiction to interfere unless decisions are shown to be against the law. The Resolution Professional and Committee of Creditors were directed to promptly complete the Corporate Insolvency Resolution Process, selecting the best Resolution Plan meeting criteria for approval. The judgment underscores adherence to the Insolvency and Bankruptcy Code for successful resolution processes. en-us Thu, 26 Jul 2018 00:00:00 +0530 Fri, 03 May 2019 13:45:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280403 The Tribunal emphasized the authority of expert bodies like the Committee of Creditors in determining eligibility criteria for Resolution Applicants. It clarified that the Adjudicating Authority does not have jurisdiction to interfere unless decisions are shown to be against the law. The Resolution Professional and Committee of Creditors were directed to promptly complete the Corporate Insolvency Resolution Process, selecting the best Resolution Plan meeting criteria for approval. The judgment underscores adherence to the Insolvency and Bankruptcy Code for successful resolution processes. Case-Laws Companies Law Thu, 26 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280403