https://www.taxtmi.com/caselaws?id=287040 The tribunal dismissed M/s. Karur Vysya Bank Ltd.'s applications, finding it not a necessary party to the proceedings and rejecting its impleadment request. The tribunal upheld the CoC's decision to consider the resolution plan by M/s. ArcelorMittal India P. Ltd., as it complied with the Supreme Court's directive. Requests for a stay on proceedings and provision of the resolution plan were denied. The tribunal clarified that the bank could pursue its claims with M/s. KSS Patron P. Ltd. in a suitable forum. en-us Thu, 07 Mar 2019 00:00:00 +0530 Thu, 26 Mar 2020 09:42:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287040 The tribunal dismissed M/s. Karur Vysya Bank Ltd.'s applications, finding it not a necessary party to the proceedings and rejecting its impleadment request. The tribunal upheld the CoC's decision to consider the resolution plan by M/s. ArcelorMittal India P. Ltd., as it complied with the Supreme Court's directive. Requests for a stay on proceedings and provision of the resolution plan were denied. The tribunal clarified that the bank could pursue its claims with M/s. KSS Patron P. Ltd. in a suitable forum. Case-Laws Insolvency and Bankruptcy Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287040