https://www.taxtmi.com/caselaws?id=399291 The Tribunal directed the Resolution Professional (RP) to provide a reasoned order regarding the verification of outstanding claims, emphasizing the duty to specify reasons for claim rejections. A company's belated application for a new Resolution Plan after the approval of an existing plan was dismissed for not meeting eligibility criteria within the timeline. A subsequent application to replace a consortium partner was withdrawn following the dismissal of the prior application. The RP was directed to file a reply for a new application before the next hearing date. en-us Thu, 13 Feb 2020 00:00:00 +0530 Wed, 07 Oct 2020 20:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399291 The Tribunal directed the Resolution Professional (RP) to provide a reasoned order regarding the verification of outstanding claims, emphasizing the duty to specify reasons for claim rejections. A company's belated application for a new Resolution Plan after the approval of an existing plan was dismissed for not meeting eligibility criteria within the timeline. A subsequent application to replace a consortium partner was withdrawn following the dismissal of the prior application. The RP was directed to file a reply for a new application before the next hearing date. Case-Laws Insolvency and Bankruptcy Thu, 13 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399291