https://www.taxtmi.com/caselaws?id=398963 The Tribunal dismissed the applicant's challenge to the rejection of its resolution plan by the CoC under section 29A of the Insolvency and Bankruptcy Code. The Tribunal found that the applicant was considered a defaulter based on available records, upholding the CoC's decision. The RP's duty to present plans to the CoC for approval was emphasized, highlighting the CoC's authority in determining plan eligibility under section 29A. The application was dismissed with no order as to costs, allowing the applicant to potentially challenge the CoC's decision during the resolution plan approval process. en-us Wed, 01 Jul 2020 00:00:00 +0530 Tue, 29 Sep 2020 06:24:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398963 The Tribunal dismissed the applicant's challenge to the rejection of its resolution plan by the CoC under section 29A of the Insolvency and Bankruptcy Code. The Tribunal found that the applicant was considered a defaulter based on available records, upholding the CoC's decision. The RP's duty to present plans to the CoC for approval was emphasized, highlighting the CoC's authority in determining plan eligibility under section 29A. The application was dismissed with no order as to costs, allowing the applicant to potentially challenge the CoC's decision during the resolution plan approval process. Case-Laws Insolvency and Bankruptcy Wed, 01 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398963