https://www.taxtmi.com/caselaws?id=391610 The tribunal dismissed the appeal by Edelweiss Asset Reconstruction Company Limited (EARC), affirming that the Committee of Creditors' decision to approve interim finance is binding on all members, including dissenting creditors. The tribunal highlighted the necessity of maintaining the Corporate Debtor's operations and upheld the collective decision-making process under the Insolvency and Bankruptcy Code. en-us Fri, 20 Dec 2019 00:00:00 +0530 Thu, 07 May 2020 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391610 The tribunal dismissed the appeal by Edelweiss Asset Reconstruction Company Limited (EARC), affirming that the Committee of Creditors' decision to approve interim finance is binding on all members, including dissenting creditors. The tribunal highlighted the necessity of maintaining the Corporate Debtor's operations and upheld the collective decision-making process under the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391610