https://www.taxtmi.com/caselaws?id=283095 The Tribunal approved the Resolution Plan filed by the Insolvency Resolution Professional, leading to the discharge of duties. Concerns raised by Operational Creditors regarding outstanding dues were noted, with the plan addressing settlement terms. Despite claims filed beyond the prescribed period, the plan accounted for all claims, including disputed and contingent liabilities. The Tribunal found the plan satisfactory, declining to interfere with the Adjudicating Authority's order, emphasizing the Committee of Creditors' discretion in determining claim amounts. The appeals were dismissed, with no interference in pending litigations. en-us Wed, 02 May 2018 00:00:00 +0530 Fri, 06 Sep 2019 18:12:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283095 The Tribunal approved the Resolution Plan filed by the Insolvency Resolution Professional, leading to the discharge of duties. Concerns raised by Operational Creditors regarding outstanding dues were noted, with the plan addressing settlement terms. Despite claims filed beyond the prescribed period, the plan accounted for all claims, including disputed and contingent liabilities. The Tribunal found the plan satisfactory, declining to interfere with the Adjudicating Authority's order, emphasizing the Committee of Creditors' discretion in determining claim amounts. The appeals were dismissed, with no interference in pending litigations. Case-Laws Insolvency and Bankruptcy Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283095