https://www.taxtmi.com/caselaws?id=380625 The Appellate Tribunal clarified that the Resolution Plan should be implemented as per the Adjudicating Authority's directions, emphasizing fair distribution between Financial Creditors and Operational Creditors. The Tribunal reserved the right to modify the plan if discriminatory without affecting its viability. It directed the Resolution Professional to convene a meeting of the Committee of Creditors to decide in line with the Adjudicating Authority's directions and corrected a typographical error in a previous order to ensure proper implementation of the Resolution Plan. The Tribunal scheduled appeals for admission on a later date to safeguard the interests of the Successful Resolution Applicant and maintain the plan's integrity. en-us Wed, 20 Mar 2019 00:00:00 +0530 Sat, 25 May 2019 09:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380625 The Appellate Tribunal clarified that the Resolution Plan should be implemented as per the Adjudicating Authority's directions, emphasizing fair distribution between Financial Creditors and Operational Creditors. The Tribunal reserved the right to modify the plan if discriminatory without affecting its viability. It directed the Resolution Professional to convene a meeting of the Committee of Creditors to decide in line with the Adjudicating Authority's directions and corrected a typographical error in a previous order to ensure proper implementation of the Resolution Plan. The Tribunal scheduled appeals for admission on a later date to safeguard the interests of the Successful Resolution Applicant and maintain the plan's integrity. Case-Laws Insolvency and Bankruptcy Wed, 20 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380625