https://www.taxtmi.com/caselaws?id=290277 The Tribunal upheld the Adjudicating Authority's dismissal of the application under Section 60(5) of the 'I&B Code' seeking financial details of the 'Corporate Debtor' for valuation purposes. The Appellant/Promoter's dispute over property valuation in the 'resolution plan' was not deemed sufficient grounds for intervention as the necessary information was available in the 'Information Memorandum'. The lack of cooperation by the Promoters with the Insolvency Resolution Professional was highlighted as causing delays, with the Tribunal emphasizing the importance of following the insolvency resolution process and addressing concerns through appropriate channels. en-us Mon, 16 Sep 2019 00:00:00 +0530 Thu, 17 Sep 2020 10:19:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290277 The Tribunal upheld the Adjudicating Authority's dismissal of the application under Section 60(5) of the 'I&B Code' seeking financial details of the 'Corporate Debtor' for valuation purposes. The Appellant/Promoter's dispute over property valuation in the 'resolution plan' was not deemed sufficient grounds for intervention as the necessary information was available in the 'Information Memorandum'. The lack of cooperation by the Promoters with the Insolvency Resolution Professional was highlighted as causing delays, with the Tribunal emphasizing the importance of following the insolvency resolution process and addressing concerns through appropriate channels. Case-Laws Insolvency and Bankruptcy Mon, 16 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290277