https://www.taxtmi.com/caselaws?id=287882 The Supreme Court condoned the delay, allowing the case to proceed. It directed the National Company Law Tribunal to adhere to specific paragraphs of a recent judgment, considering the interests of Operational Creditors. The Tribunal was tasked with evaluating whether the matter should be referred back to the Committee of Creditors for a fair balance of stakeholders' interests. Parties were permitted to address the Tribunal on the Resolution Applicant's payment, ensuring Operational Creditors receive their due. The Court emphasized that the Resolution Plan's implementation should continue without interruption, with all civil appeals resolved. en-us Wed, 27 Nov 2019 00:00:00 +0530 Thu, 07 May 2020 09:07:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287882 The Supreme Court condoned the delay, allowing the case to proceed. It directed the National Company Law Tribunal to adhere to specific paragraphs of a recent judgment, considering the interests of Operational Creditors. The Tribunal was tasked with evaluating whether the matter should be referred back to the Committee of Creditors for a fair balance of stakeholders' interests. Parties were permitted to address the Tribunal on the Resolution Applicant's payment, ensuring Operational Creditors receive their due. The Court emphasized that the Resolution Plan's implementation should continue without interruption, with all civil appeals resolved. Case-Laws Insolvency and Bankruptcy Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287882