https://www.taxtmi.com/caselaws?id=397518 The Tribunal upheld the Resolution Plan, noting the disparity in payment percentages between Financial and Operational Creditors as a result of the Committee of Creditors' commercial wisdom. The claim of Power2SME Pvt. Ltd. to be a Secured Operational Creditor was dismissed due to lack of supporting documentation and the timing of the hypothecation deed. Indian Oil Corporation Ltd.'s appeal was partially allowed to rectify a clerical error in the admitted claim amount, emphasizing adherence to the IBC's objective of resolving stressed assets and equitable treatment based on creditor classification. en-us Mon, 08 Jun 2020 00:00:00 +0530 Sat, 20 Nov 2021 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397518 The Tribunal upheld the Resolution Plan, noting the disparity in payment percentages between Financial and Operational Creditors as a result of the Committee of Creditors' commercial wisdom. The claim of Power2SME Pvt. Ltd. to be a Secured Operational Creditor was dismissed due to lack of supporting documentation and the timing of the hypothecation deed. Indian Oil Corporation Ltd.'s appeal was partially allowed to rectify a clerical error in the admitted claim amount, emphasizing adherence to the IBC's objective of resolving stressed assets and equitable treatment based on creditor classification. Case-Laws Insolvency and Bankruptcy Mon, 08 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397518