https://www.taxtmi.com/caselaws?id=397807 The Tribunal upheld the approval of the Resolution Plan by the Committee of Creditors, emphasizing the non-justiciability of the commercial wisdom of the Committee's decisions. The rejection of the settlement proposal by the Adjudicating Authority was deemed proper, with the Tribunal stating its limited jurisdiction in reviewing such decisions. The Tribunal dismissed the appeals, highlighting that the impugned orders were in accordance with legal principles, and reiterated that the business decisions of the Committee of Creditors are beyond judicial review. en-us Thu, 12 Mar 2020 00:00:00 +0530 Sat, 29 Aug 2020 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397807 The Tribunal upheld the approval of the Resolution Plan by the Committee of Creditors, emphasizing the non-justiciability of the commercial wisdom of the Committee's decisions. The rejection of the settlement proposal by the Adjudicating Authority was deemed proper, with the Tribunal stating its limited jurisdiction in reviewing such decisions. The Tribunal dismissed the appeals, highlighting that the impugned orders were in accordance with legal principles, and reiterated that the business decisions of the Committee of Creditors are beyond judicial review. Case-Laws Insolvency and Bankruptcy Thu, 12 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397807