https://www.taxtmi.com/caselaws?id=381383 The Appellate Tribunal ruled that the Resolution Professional lacks jurisdiction to decide creditor claims and reiterated the Supreme Court's stance on their powers. It directed the Adjudicating Authority to promptly address the approved resolution plan. The Tribunal emphasized the Authority's limited jurisdiction over pending matters and set aside any attempts to dismiss related proceedings. While upholding most of the plan, it clarified that no decision was made on pending claims under Section 31 of the I&B Code. The appeal was partially allowed, emphasizing adherence to the I&B Code's provisions. en-us Thu, 02 May 2019 00:00:00 +0530 Tue, 11 Jun 2019 06:24:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381383 The Appellate Tribunal ruled that the Resolution Professional lacks jurisdiction to decide creditor claims and reiterated the Supreme Court's stance on their powers. It directed the Adjudicating Authority to promptly address the approved resolution plan. The Tribunal emphasized the Authority's limited jurisdiction over pending matters and set aside any attempts to dismiss related proceedings. While upholding most of the plan, it clarified that no decision was made on pending claims under Section 31 of the I&B Code. The appeal was partially allowed, emphasizing adherence to the I&B Code's provisions. Case-Laws Insolvency and Bankruptcy Thu, 02 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381383