https://www.taxtmi.com/caselaws?id=380787 The Tribunal upheld the approval of Royale Partners Investment Fund Ltd.'s Resolution Plan by the Committee of Creditors, dismissing the challenge by ArcelorMittal India Pvt. Ltd. The Tribunal found that the requirement for Competition Commission of India approval did not apply retrospectively, and there were no procedural irregularities or bias in favor of RPIF. The CoC's decision to approve RPIF's plan was deemed valid based on commercial considerations, leading to the dismissal of ArcelorMittal's plea. en-us Mon, 15 Apr 2019 00:00:00 +0530 Wed, 29 May 2019 07:00:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380787 The Tribunal upheld the approval of Royale Partners Investment Fund Ltd.'s Resolution Plan by the Committee of Creditors, dismissing the challenge by ArcelorMittal India Pvt. Ltd. The Tribunal found that the requirement for Competition Commission of India approval did not apply retrospectively, and there were no procedural irregularities or bias in favor of RPIF. The CoC's decision to approve RPIF's plan was deemed valid based on commercial considerations, leading to the dismissal of ArcelorMittal's plea. Case-Laws Insolvency and Bankruptcy Mon, 15 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380787