https://www.taxtmi.com/caselaws?id=395033 The Adjudicating Authority directed the Committee of Creditors to consider the Resolution Plan submitted by Sify Technologies Limited along with objections. Another Resolution Applicant, Honest Orbit Ventures, was allowed to have their Resolution Plan considered. The claim of the Government Department was admitted, and the impugned order was challenged in appeal. Objections to Sify Technologies Limited's Resolution Plan were raised, arguing unrealistic aspects. The Tribunal declined to interfere, emphasizing asset maximization for stakeholders. The appeal was dismissed without costs due to lack of merit. en-us Wed, 13 Nov 2019 00:00:00 +0530 Mon, 04 May 2020 12:42:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395033 The Adjudicating Authority directed the Committee of Creditors to consider the Resolution Plan submitted by Sify Technologies Limited along with objections. Another Resolution Applicant, Honest Orbit Ventures, was allowed to have their Resolution Plan considered. The claim of the Government Department was admitted, and the impugned order was challenged in appeal. Objections to Sify Technologies Limited's Resolution Plan were raised, arguing unrealistic aspects. The Tribunal declined to interfere, emphasizing asset maximization for stakeholders. The appeal was dismissed without costs due to lack of merit. Case-Laws Insolvency and Bankruptcy Wed, 13 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395033