https://www.taxtmi.com/caselaws?id=402155 The Adjudicating Authority allowed the appeal against the Impugned Order, directing the Resolution Professional to process the revised Resolution Plan for submission to the Committee of Creditors (COC). The COC was granted the authority to accept or reject the Plan, emphasizing their pivotal role in the decision-making process regarding liquidation. The decision underscored the significance of giving the COC the opportunity to review the revised Plan before any determinations on liquidation were made, ultimately disposing of the appeal with these instructions. en-us Wed, 23 Dec 2020 00:00:00 +0530 Fri, 25 Dec 2020 16:01:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402155 The Adjudicating Authority allowed the appeal against the Impugned Order, directing the Resolution Professional to process the revised Resolution Plan for submission to the Committee of Creditors (COC). The COC was granted the authority to accept or reject the Plan, emphasizing their pivotal role in the decision-making process regarding liquidation. The decision underscored the significance of giving the COC the opportunity to review the revised Plan before any determinations on liquidation were made, ultimately disposing of the appeal with these instructions. Case-Laws Insolvency and Bankruptcy Wed, 23 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402155