https://www.taxtmi.com/caselaws?id=397604 The tribunal dismissed the appeal challenging the approval of the Resolution Plan submitted by Adani Ports Special Economic Zone Limited (APSEZ). It affirmed the commercial wisdom of the Committee of Creditors in rejecting a settlement proposal and approving APSEZ's plan, stating that the CoC's decisions are final as long as they comply with the Insolvency and Bankruptcy Code. The tribunal found no procedural irregularities and upheld the Adjudicating Authority's order, emphasizing the limited scope of judicial review in such cases. en-us Fri, 24 Jul 2020 00:00:00 +0530 Sat, 30 Jan 2021 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397604 The tribunal dismissed the appeal challenging the approval of the Resolution Plan submitted by Adani Ports Special Economic Zone Limited (APSEZ). It affirmed the commercial wisdom of the Committee of Creditors in rejecting a settlement proposal and approving APSEZ's plan, stating that the CoC's decisions are final as long as they comply with the Insolvency and Bankruptcy Code. The tribunal found no procedural irregularities and upheld the Adjudicating Authority's order, emphasizing the limited scope of judicial review in such cases. Case-Laws Insolvency and Bankruptcy Fri, 24 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397604