https://www.taxtmi.com/caselaws?id=398434 The Tribunal allowed an urgent hearing to correct voting results wrongly computed by the Insolvency Resolution Professional (IRP) in violation of the Insolvency and Bankruptcy Code. A new Resolution Professional (RP) was appointed based on a majority vote by Homebuyers, with the Tribunal emphasizing the importance of authorized representatives casting votes on behalf of financial creditors. Allegations against the proposed RP, including lack of 100% voting and conflicts of interest, were dismissed due to lack of merit, ensuring progress in the Corporate Insolvency Resolution Process. en-us Fri, 26 Jun 2020 00:00:00 +0530 Wed, 16 Sep 2020 11:35:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398434 The Tribunal allowed an urgent hearing to correct voting results wrongly computed by the Insolvency Resolution Professional (IRP) in violation of the Insolvency and Bankruptcy Code. A new Resolution Professional (RP) was appointed based on a majority vote by Homebuyers, with the Tribunal emphasizing the importance of authorized representatives casting votes on behalf of financial creditors. Allegations against the proposed RP, including lack of 100% voting and conflicts of interest, were dismissed due to lack of merit, ensuring progress in the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Fri, 26 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398434