https://www.taxtmi.com/caselaws?id=390664 The appeal was dismissed as not maintainable. The appellant's resolution plan was rejected by the Committee of Creditors due to its failure to maximize asset value and uncertainty in realization. The approval of the third respondent's resolution plan was found to be in compliance with the I&B Code and procedural requirements. The appellant had no vested right to challenge the approved resolution plan, and the requirement for CCI approval was deemed directory, not mandatory. The appeal lacked merit and was dismissed with no costs. en-us Mon, 16 Dec 2019 00:00:00 +0530 Thu, 07 May 2020 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390664 The appeal was dismissed as not maintainable. The appellant's resolution plan was rejected by the Committee of Creditors due to its failure to maximize asset value and uncertainty in realization. The approval of the third respondent's resolution plan was found to be in compliance with the I&B Code and procedural requirements. The appellant had no vested right to challenge the approved resolution plan, and the requirement for CCI approval was deemed directory, not mandatory. The appeal lacked merit and was dismissed with no costs. Case-Laws Insolvency and Bankruptcy Mon, 16 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390664