https://www.taxtmi.com/caselaws?id=381613 The Appellate Tribunal noted ongoing voting process completion and decided not to issue a specific order on the application by 'IDBI Bank Limited.' It directed the 'Resolution Professional' to present the 'Committee of Creditors' decision post-voting for further instructions. The Tribunal ruled that absent 'Financial Creditors' should not be factored in vote counting, citing 'Tata Steel Ltd. vs. Liberty House Group Pte. Limited & Ors.' precedent. The case was scheduled for orders with an Interlocutory Application on a specified date, emphasizing procedural fairness and timely resolution in insolvency proceedings. en-us Mon, 10 Jun 2019 00:00:00 +0530 Fri, 14 Jun 2019 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381613 The Appellate Tribunal noted ongoing voting process completion and decided not to issue a specific order on the application by 'IDBI Bank Limited.' It directed the 'Resolution Professional' to present the 'Committee of Creditors' decision post-voting for further instructions. The Tribunal ruled that absent 'Financial Creditors' should not be factored in vote counting, citing 'Tata Steel Ltd. vs. Liberty House Group Pte. Limited & Ors.' precedent. The case was scheduled for orders with an Interlocutory Application on a specified date, emphasizing procedural fairness and timely resolution in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Mon, 10 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381613