https://www.taxtmi.com/caselaws?id=391954 The Tribunal ordered a fresh valuation of intangible assets in a case where a dissenting financial creditor challenged the approval of a Resolution Plan, citing discrepancies in asset valuations. The Tribunal emphasized the importance of maximizing assets and balancing stakeholders' interests, directing a new valuation to ensure a fair assessment of the Corporate Debtor's value. It was concluded that the adjudicating authority has the jurisdiction to appoint an independent valuer for fresh valuation, in accordance with relevant legal provisions and judicial precedents. The Resolution Professional was instructed to engage a new valuer to reassess the intangible assets within a specified timeframe. en-us Mon, 20 Jan 2020 00:00:00 +0530 Thu, 06 Feb 2020 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391954 The Tribunal ordered a fresh valuation of intangible assets in a case where a dissenting financial creditor challenged the approval of a Resolution Plan, citing discrepancies in asset valuations. The Tribunal emphasized the importance of maximizing assets and balancing stakeholders' interests, directing a new valuation to ensure a fair assessment of the Corporate Debtor's value. It was concluded that the adjudicating authority has the jurisdiction to appoint an independent valuer for fresh valuation, in accordance with relevant legal provisions and judicial precedents. The Resolution Professional was instructed to engage a new valuer to reassess the intangible assets within a specified timeframe. Case-Laws Insolvency and Bankruptcy Mon, 20 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391954