https://www.taxtmi.com/caselaws?id=291575 The Tribunal rejected the Applicants' challenge to the Revised Resolution Plan, finding it validly approved by the CoC with a 75.4% majority vote. The Tribunal held that the plan complied with the IBC and related regulations, dismissing the Applicants' objections of preferential treatment and lack of proper discussion. The Application was dismissed as the Tribunal found no illegality, discrimination, or violation of the IBC, and no demonstrated prejudice to the Applicants. en-us Mon, 16 Sep 2019 00:00:00 +0530 Wed, 18 Nov 2020 09:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291575 The Tribunal rejected the Applicants' challenge to the Revised Resolution Plan, finding it validly approved by the CoC with a 75.4% majority vote. The Tribunal held that the plan complied with the IBC and related regulations, dismissing the Applicants' objections of preferential treatment and lack of proper discussion. The Application was dismissed as the Tribunal found no illegality, discrimination, or violation of the IBC, and no demonstrated prejudice to the Applicants. Case-Laws Insolvency and Bankruptcy Mon, 16 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291575