https://www.taxtmi.com/caselaws?id=398267 The tribunal dismissed the appeal, upholding the Adjudicating Authority's approval of the Resolution Plan. It found that the Resolution Professional had not breached duties, Carval was not ineligible due to false information, and the reduced Bank Guarantee amount was accepted within commercial wisdom. The tribunal emphasized compliance with statutory provisions, including obtaining CCI approval before final approval, and noted that pending interim applications were disposed of without costs. en-us Wed, 09 Sep 2020 00:00:00 +0530 Fri, 11 Sep 2020 11:50:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398267 The tribunal dismissed the appeal, upholding the Adjudicating Authority's approval of the Resolution Plan. It found that the Resolution Professional had not breached duties, Carval was not ineligible due to false information, and the reduced Bank Guarantee amount was accepted within commercial wisdom. The tribunal emphasized compliance with statutory provisions, including obtaining CCI approval before final approval, and noted that pending interim applications were disposed of without costs. Case-Laws Insolvency and Bankruptcy Wed, 09 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398267