https://www.taxtmi.com/caselaws?id=397925 The Appellate Tribunal dismissed the Appeal challenging the approved Resolution Plan, emphasizing that such challenges based on the Adjudicating Authority's observations were not maintainable under Section 61(3) of the Insolvency & Bankruptcy Code. The Tribunal highlighted the binding nature of the Resolution Plan post-approval, stressing the Resolution Applicant's responsibility to comply with applicable laws and the limited grounds for Appeal specified in the Code. The judgment clarified the scope of challenging Resolution Plans, underscored stakeholders' obligations, and emphasized adherence to statutory requirements. en-us Thu, 20 Aug 2020 00:00:00 +0530 Wed, 02 Sep 2020 10:11:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397925 The Appellate Tribunal dismissed the Appeal challenging the approved Resolution Plan, emphasizing that such challenges based on the Adjudicating Authority's observations were not maintainable under Section 61(3) of the Insolvency & Bankruptcy Code. The Tribunal highlighted the binding nature of the Resolution Plan post-approval, stressing the Resolution Applicant's responsibility to comply with applicable laws and the limited grounds for Appeal specified in the Code. The judgment clarified the scope of challenging Resolution Plans, underscored stakeholders' obligations, and emphasized adherence to statutory requirements. Case-Laws Insolvency and Bankruptcy Thu, 20 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397925