https://www.taxtmi.com/caselaws?id=382814 The Tribunal upheld ArcelorMittal India Pvt. Ltd.'s eligibility as a Resolution Applicant, citing the principle of res judicata. It deemed the proposed distribution by the Committee of Creditors discriminatory and modified it to ensure equitable treatment of creditors. The Tribunal emphasized the CoC's limited role in assessing Resolution Plans and prohibited delegation of authority. It ruled that profits generated during the insolvency process should be distributed among all creditors pro-rata. Disputed claims can be pursued post-moratorium under Section 60(6) of the I&B Code. The judgment underscores fair creditor treatment and Resolution Applicant's responsibility for asset distribution. en-us Thu, 04 Jul 2019 00:00:00 +0530 Thu, 07 May 2020 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382814 The Tribunal upheld ArcelorMittal India Pvt. Ltd.'s eligibility as a Resolution Applicant, citing the principle of res judicata. It deemed the proposed distribution by the Committee of Creditors discriminatory and modified it to ensure equitable treatment of creditors. The Tribunal emphasized the CoC's limited role in assessing Resolution Plans and prohibited delegation of authority. It ruled that profits generated during the insolvency process should be distributed among all creditors pro-rata. Disputed claims can be pursued post-moratorium under Section 60(6) of the I&B Code. The judgment underscores fair creditor treatment and Resolution Applicant's responsibility for asset distribution. Case-Laws Insolvency and Bankruptcy Thu, 04 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382814