https://www.taxtmi.com/caselaws?id=379753 The Tribunal rejected the resolution plan due to the Resolution Applicant's ineligibility under Section 29A, discriminatory treatment of NSEL's claim, improper acquisition of promoters' properties, conditional nature of the plan, and procedural irregularities in approval. Consequently, the Tribunal ordered the liquidation of the Corporate Debtor, appointing a new liquidator and issuing further directions to ensure compliance with the liquidation process under the Code. en-us Wed, 13 Mar 2019 00:00:00 +0530 Tue, 07 May 2019 09:14:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379753 The Tribunal rejected the resolution plan due to the Resolution Applicant's ineligibility under Section 29A, discriminatory treatment of NSEL's claim, improper acquisition of promoters' properties, conditional nature of the plan, and procedural irregularities in approval. Consequently, the Tribunal ordered the liquidation of the Corporate Debtor, appointing a new liquidator and issuing further directions to ensure compliance with the liquidation process under the Code. Case-Laws Insolvency and Bankruptcy Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379753