https://www.taxtmi.com/caselaws?id=281044 The Adjudicating Authority approved the resolution plan with modifications submitted by the appellant, a Resolution Applicant, for the Debtor Company. The modifications aimed to ensure financial stability and address stakeholders' interests. The Tribunal found the modifications to be legally permissible, granting the appellant the liberty to either press the appeal or withdraw the plan. If withdrawn, liquidation would proceed. The appellant emphasized avoiding liquidation, and although the Tribunal did not express an opinion on this, it allowed withdrawal if dissatisfied. The appeal was disposed of with liberty granted to the appellant, and no costs were imposed. en-us Fri, 09 Mar 2018 00:00:00 +0530 Sat, 01 Jun 2019 07:20:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281044 The Adjudicating Authority approved the resolution plan with modifications submitted by the appellant, a Resolution Applicant, for the Debtor Company. The modifications aimed to ensure financial stability and address stakeholders' interests. The Tribunal found the modifications to be legally permissible, granting the appellant the liberty to either press the appeal or withdraw the plan. If withdrawn, liquidation would proceed. The appellant emphasized avoiding liquidation, and although the Tribunal did not express an opinion on this, it allowed withdrawal if dissatisfied. The appeal was disposed of with liberty granted to the appellant, and no costs were imposed. Case-Laws Insolvency and Bankruptcy Fri, 09 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281044