https://www.taxtmi.com/caselaws?id=402592 The Tribunal dismissed the appeal by Operational Creditors challenging the approval of a Resolution Plan for a Corporate Debtor. It found that the Appellants were not unfairly treated, as they were allocated a significant portion of the upfront payment under the plan. The judgment emphasized the equitable treatment of Operational Creditors and upheld the priority given to them in the distribution of funds. The Tribunal concluded that the distribution mechanism was in accordance with the law, and the Appellants had participated in the process with their claims partly admitted. en-us Mon, 04 Jan 2021 00:00:00 +0530 Sat, 16 Oct 2021 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402592 The Tribunal dismissed the appeal by Operational Creditors challenging the approval of a Resolution Plan for a Corporate Debtor. It found that the Appellants were not unfairly treated, as they were allocated a significant portion of the upfront payment under the plan. The judgment emphasized the equitable treatment of Operational Creditors and upheld the priority given to them in the distribution of funds. The Tribunal concluded that the distribution mechanism was in accordance with the law, and the Appellants had participated in the process with their claims partly admitted. Case-Laws Insolvency and Bankruptcy Mon, 04 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402592