https://www.taxtmi.com/caselaws?id=381772 The Tribunal allowed the appeal, setting aside the Adjudicating Authority's observation on the nexus between the appellant and the corporate debtor. It modified the order by substituting the revised distribution manner, ensuring all stakeholders adhere to the revised terms of the resolution plan. The Tribunal found the revised distribution fair and equitable, addressing concerns regarding government dues and operational creditor treatment. The resolution applicant was deemed eligible under Section 29A of the Insolvency Code, leading to the appeal's success with specified directions. en-us Tue, 11 Jun 2019 00:00:00 +0530 Tue, 18 Jun 2019 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381772 The Tribunal allowed the appeal, setting aside the Adjudicating Authority's observation on the nexus between the appellant and the corporate debtor. It modified the order by substituting the revised distribution manner, ensuring all stakeholders adhere to the revised terms of the resolution plan. The Tribunal found the revised distribution fair and equitable, addressing concerns regarding government dues and operational creditor treatment. The resolution applicant was deemed eligible under Section 29A of the Insolvency Code, leading to the appeal's success with specified directions. Case-Laws Insolvency and Bankruptcy Tue, 11 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381772