https://www.taxtmi.com/caselaws?id=384639 The Appellate Tribunal upheld the approval of the resolution plan by the Committee of Creditors (CoC) with a 78.50% voting share, finding it technically and economically viable. The Tribunal dismissed the appeals, stating there was no discrimination or unequal treatment of creditors, and emphasized it could not intervene without such evidence. The exclusion of 106 days from the resolution period was justified due to litigation delays, allowing the resolution plan to be considered within the stipulated timeframe. The appeals were ultimately dismissed without costs. en-us Fri, 16 Aug 2019 00:00:00 +0530 Mon, 19 Aug 2019 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384639 The Appellate Tribunal upheld the approval of the resolution plan by the Committee of Creditors (CoC) with a 78.50% voting share, finding it technically and economically viable. The Tribunal dismissed the appeals, stating there was no discrimination or unequal treatment of creditors, and emphasized it could not intervene without such evidence. The exclusion of 106 days from the resolution period was justified due to litigation delays, allowing the resolution plan to be considered within the stipulated timeframe. The appeals were ultimately dismissed without costs. Case-Laws Insolvency and Bankruptcy Fri, 16 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384639