Court Upholds CoC's Decision: No Grounds to Challenge Approval of SPTL's Plan; Process Deemed Fair and Proper. https://www.taxtmi.com/highlights?id=54198 Reconsideration of Resolution Plan - The Appellant cannot question the commercial wisdom of the CoC in rejecting the Resolution Plan, with the requisite majority and in approving the Resolution Plan of SPTL. No material irregularity in Corporate Insolvency Resolution Process before the R.P. has been demonstrated - the impugned order has been passed on proper Application of mind. - AT en-us Thu, 30 Jul 2020 10:20:12 +0530 Thu, 30 Jul 2020 10:20:12 +0530 TaxTMI RSS Generator Court Upholds CoC's Decision: No Grounds to Challenge Approval of SPTL's Plan; Process Deemed Fair and Proper. https://www.taxtmi.com/highlights?id=54198 Reconsideration of Resolution Plan - The Appellant cannot question the commercial wisdom of the CoC in rejecting the Resolution Plan, with the requisite majority and in approving the Resolution Plan of SPTL. No material irregularity in Corporate Insolvency Resolution Process before the R.P. has been demonstrated - the impugned order has been passed on proper Application of mind. - AT Highlights Insolvency and Bankruptcy Thu, 30 Jul 2020 10:20:12 +0530 https://www.taxtmi.com/highlights?id=54198