https://www.taxtmi.com/caselaws?id=383038 The Tribunal modified the impugned order and Resolution Plan to ensure equitable treatment of creditors, addressing the discriminatory allocation favoring Financial Creditors. The Resolution Applicant was permitted to revise the plan, allocating 26.96% to the Operational Creditor, aligning with liquidation value entitlements. The appeal was allowed, with no order as to costs. en-us Tue, 23 Apr 2019 00:00:00 +0530 Mon, 11 Nov 2024 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383038 The Tribunal modified the impugned order and Resolution Plan to ensure equitable treatment of creditors, addressing the discriminatory allocation favoring Financial Creditors. The Resolution Applicant was permitted to revise the plan, allocating 26.96% to the Operational Creditor, aligning with liquidation value entitlements. The appeal was allowed, with no order as to costs. Case-Laws IBC Tue, 23 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383038