https://www.taxtmi.com/caselaws?id=287972 A resolution plan under the Insolvency and Bankruptcy Code was found compliant with Section 30(2) and Regulation 39 after examination by the Resolution Professional and approval by the Committee of Creditors by the requisite majority. The record reflected legal vetting and supporting opinions confirming conformity with the statutory framework. The Adjudicating Authority noted that its interference is limited once the commercial decision of the Committee of Creditors is taken in compliance with law, unless the plan violates law or public interest. The resolution plan was therefore approved. en-us Fri, 15 Dec 2017 00:00:00 +0530 Wed, 13 May 2020 09:50:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287972 A resolution plan under the Insolvency and Bankruptcy Code was found compliant with Section 30(2) and Regulation 39 after examination by the Resolution Professional and approval by the Committee of Creditors by the requisite majority. The record reflected legal vetting and supporting opinions confirming conformity with the statutory framework. The Adjudicating Authority noted that its interference is limited once the commercial decision of the Committee of Creditors is taken in compliance with law, unless the plan violates law or public interest. The resolution plan was therefore approved. Case-Laws Insolvency and Bankruptcy Fri, 15 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287972