https://www.taxtmi.com/caselaws?id=400914 A resolution plan that departs from the approved request for resolution plan and the statutory requirements on contents and implementation need not be placed before the Committee of Creditors. The resolution professional may refuse to forward a non-compliant plan after seeking but not receiving curing changes. The adjudicating forum will not rework or test the commercial terms fixed through the insolvency resolution process, because those bid conditions form part of the Committee of Creditors' commercial framework. The challenge to the plan-processing decision and to the request for resolution plan therefore failed. en-us Thu, 27 Aug 2020 00:00:00 +0530 Mon, 23 Nov 2020 11:59:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400914 A resolution plan that departs from the approved request for resolution plan and the statutory requirements on contents and implementation need not be placed before the Committee of Creditors. The resolution professional may refuse to forward a non-compliant plan after seeking but not receiving curing changes. The adjudicating forum will not rework or test the commercial terms fixed through the insolvency resolution process, because those bid conditions form part of the Committee of Creditors' commercial framework. The challenge to the plan-processing decision and to the request for resolution plan therefore failed. Case-Laws Insolvency and Bankruptcy Thu, 27 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400914