https://www.taxtmi.com/caselaws?id=287946 The Appellate Tribunal directed the Adjudicating Authority to independently decide on the Exim Bank's continuation in the Committee of Creditors during the Corporate Insolvency Resolution Process, emphasizing the Authority's exclusive decision-making power in the matter. The Adjudicating Authority was instructed to promptly resolve the issue within three weeks, without reliance on reports from the Resolution Professional or the Committee of Creditors. The judgment underscores the importance of proper adjudication in insolvency proceedings and provides a framework for addressing disputes over the membership of creditors' committees. en-us Mon, 06 Nov 2017 00:00:00 +0530 Tue, 12 May 2020 08:51:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287946 The Appellate Tribunal directed the Adjudicating Authority to independently decide on the Exim Bank's continuation in the Committee of Creditors during the Corporate Insolvency Resolution Process, emphasizing the Authority's exclusive decision-making power in the matter. The Adjudicating Authority was instructed to promptly resolve the issue within three weeks, without reliance on reports from the Resolution Professional or the Committee of Creditors. The judgment underscores the importance of proper adjudication in insolvency proceedings and provides a framework for addressing disputes over the membership of creditors' committees. Case-Laws Insolvency and Bankruptcy Mon, 06 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287946