https://www.taxtmi.com/caselaws?id=382769 The Resolution Plan under Section 30(6) of the Insolvency and Bankruptcy Code, 2016 was approved by the Adjudicating Authority, emphasizing the importance of promoting resolution and not interfering with commercial wisdom of the Committee of Creditors. Various creditors' claims were adjudicated, with some accepted based on enforceable arbitral awards and others rejected for being belated or fraudulent. The Resolution Plan was found compliant with statutory requirements, and the Resolution Professional's role was clarified as administrative, not adjudicatory. Disputed claims were directed to the appropriate forum for adjudication, and the approved Resolution Plan became effective, ending the moratorium order. en-us Wed, 15 May 2019 00:00:00 +0530 Wed, 10 Jul 2019 07:49:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382769 The Resolution Plan under Section 30(6) of the Insolvency and Bankruptcy Code, 2016 was approved by the Adjudicating Authority, emphasizing the importance of promoting resolution and not interfering with commercial wisdom of the Committee of Creditors. Various creditors' claims were adjudicated, with some accepted based on enforceable arbitral awards and others rejected for being belated or fraudulent. The Resolution Plan was found compliant with statutory requirements, and the Resolution Professional's role was clarified as administrative, not adjudicatory. Disputed claims were directed to the appropriate forum for adjudication, and the approved Resolution Plan became effective, ending the moratorium order. Case-Laws Insolvency and Bankruptcy Wed, 15 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382769