https://www.taxtmi.com/caselaws?id=396119 The Appellate Tribunal declined to interfere with the Adjudicating Authority's decision for fresh valuation in the Corporate Insolvency Resolution Process. It emphasized the Authority's discretion to ensure the approved plan is satisfactory before granting approval under Section 31 of the I&B Code. The Tribunal highlighted that parties cannot dictate whether further valuation should be conducted. It expressed hope for an appropriate order under Section 31 considering both valuation and the approved plan, while also condoning a 12-day filing delay and disposing of the appeal with these observations. en-us Fri, 13 Mar 2020 00:00:00 +0530 Mon, 22 Jun 2020 06:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396119 The Appellate Tribunal declined to interfere with the Adjudicating Authority's decision for fresh valuation in the Corporate Insolvency Resolution Process. It emphasized the Authority's discretion to ensure the approved plan is satisfactory before granting approval under Section 31 of the I&B Code. The Tribunal highlighted that parties cannot dictate whether further valuation should be conducted. It expressed hope for an appropriate order under Section 31 considering both valuation and the approved plan, while also condoning a 12-day filing delay and disposing of the appeal with these observations. Case-Laws Insolvency and Bankruptcy Fri, 13 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396119