https://www.taxtmi.com/caselaws?id=399354 The resolution plan was approved because it complied with the Insolvency and Bankruptcy Code, 2016 and the CIRP Regulations, including treatment of CIRP costs, payments to operational creditors and dissenting financial creditors, disclosure requirements, and eligibility under Section 29A. The Adjudicating Authority confined its review to statutory parameters and did not interfere with the Committee of Creditors' commercial wisdom. The request for reliefs, concessions and waivers was refused because approval of a resolution plan does not itself waive statutory liabilities or obligations; any such waiver must be considered by the competent authorities in accordance with law. en-us Mon, 21 Sep 2020 00:00:00 +0530 Tue, 05 Nov 2024 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399354 The resolution plan was approved because it complied with the Insolvency and Bankruptcy Code, 2016 and the CIRP Regulations, including treatment of CIRP costs, payments to operational creditors and dissenting financial creditors, disclosure requirements, and eligibility under Section 29A. The Adjudicating Authority confined its review to statutory parameters and did not interfere with the Committee of Creditors' commercial wisdom. The request for reliefs, concessions and waivers was refused because approval of a resolution plan does not itself waive statutory liabilities or obligations; any such waiver must be considered by the competent authorities in accordance with law. Case-Laws IBC Mon, 21 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399354