https://www.taxtmi.com/caselaws?id=395971 The Appellant challenged the Resolution Plan approved under the Insolvency and Bankruptcy Code, citing non-compliance and failure to address their claims as Financial Creditors. The Appellate Tribunal found a revised plan offered by the Successful Resolution Applicant justified. The Appellant was given the opportunity to accept the revised offer, with the Applicant agreeing to consider their claims similar to other Financial Creditors. The Tribunal directed equal treatment for the Appellant as Financial Creditors, emphasizing that once a Resolution Plan is approved, stakeholders cannot pursue alternative remedies like Arbitration. The appeals were disposed of with no further relief granted and no costs awarded. en-us Wed, 13 Nov 2019 00:00:00 +0530 Wed, 17 Jun 2020 10:31:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395971 The Appellant challenged the Resolution Plan approved under the Insolvency and Bankruptcy Code, citing non-compliance and failure to address their claims as Financial Creditors. The Appellate Tribunal found a revised plan offered by the Successful Resolution Applicant justified. The Appellant was given the opportunity to accept the revised offer, with the Applicant agreeing to consider their claims similar to other Financial Creditors. The Tribunal directed equal treatment for the Appellant as Financial Creditors, emphasizing that once a Resolution Plan is approved, stakeholders cannot pursue alternative remedies like Arbitration. The appeals were disposed of with no further relief granted and no costs awarded. Case-Laws Insolvency and Bankruptcy Wed, 13 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395971