https://www.taxtmi.com/caselaws?id=402115 The Court allowed the writ petition, setting aside the impugned order in original dated 22.07.2020 to the extent it directed appropriation of the recovered amount. The respondent was directed to retain 5% of the adjudicated principal amount and refund the balance to the petitioner within three months. The judgment underscored the binding nature of the resolution plan approved by the committee of creditors and sanctioned by the Tribunal under the IBC. en-us Tue, 22 Dec 2020 00:00:00 +0530 Thu, 08 Sep 2022 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402115 The Court allowed the writ petition, setting aside the impugned order in original dated 22.07.2020 to the extent it directed appropriation of the recovered amount. The respondent was directed to retain 5% of the adjudicated principal amount and refund the balance to the petitioner within three months. The judgment underscored the binding nature of the resolution plan approved by the committee of creditors and sanctioned by the Tribunal under the IBC. Case-Laws Service Tax Tue, 22 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402115