https://www.taxtmi.com/caselaws?id=400533 The Tribunal directed the Committee of Creditors (CoC) to consider a reduced bank performance guarantee of Rs. 3 Crores proposed by the Resolution Applicant instead of the initial requirement of Rs. 25 Crores in the resolution plan. The Tribunal emphasized expediting the resolution process and ensuring fairness, leading to the disposal of the subsequent application with similar prayers. This decision showcased the Tribunal's oversight in insolvency proceedings, promoting efficiency and equitable treatment of stakeholders. en-us Tue, 18 Aug 2020 00:00:00 +0530 Tue, 10 Nov 2020 07:09:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400533 The Tribunal directed the Committee of Creditors (CoC) to consider a reduced bank performance guarantee of Rs. 3 Crores proposed by the Resolution Applicant instead of the initial requirement of Rs. 25 Crores in the resolution plan. The Tribunal emphasized expediting the resolution process and ensuring fairness, leading to the disposal of the subsequent application with similar prayers. This decision showcased the Tribunal's oversight in insolvency proceedings, promoting efficiency and equitable treatment of stakeholders. Case-Laws Insolvency and Bankruptcy Tue, 18 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400533