https://www.taxtmi.com/caselaws?id=399765 The tribunal dismissed the application IA No. 166/2019 filed by the unsuccessful Resolution Applicant as not maintainable, emphasizing the paramount status of the commercial wisdom of the CoC. The tribunal highlighted that there is no vested right for a resolution applicant to have its plan considered or approved, citing relevant case law. The related application IA No. 759/2019 was closed as a result of this decision. en-us Wed, 04 Mar 2020 00:00:00 +0530 Mon, 19 Oct 2020 10:07:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399765 The tribunal dismissed the application IA No. 166/2019 filed by the unsuccessful Resolution Applicant as not maintainable, emphasizing the paramount status of the commercial wisdom of the CoC. The tribunal highlighted that there is no vested right for a resolution applicant to have its plan considered or approved, citing relevant case law. The related application IA No. 759/2019 was closed as a result of this decision. Case-Laws Insolvency and Bankruptcy Wed, 04 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399765