https://www.taxtmi.com/caselaws?id=293164 The Tribunal held that the Adjudicating Authority lacked jurisdiction to entertain Interlocutory Applications after the Committee of Creditors (CoC) approved the resolution plan. The Tribunal found the Earnest Money Deposit (EMD) requirement valid and not excessive. Shareholders and promoters were deemed ineligible to challenge the resolution process. Applications challenging the resolution process were deemed untimely and not maintainable. The Tribunal set aside the previous order and remitted the matter to the Adjudicating Authority for further consideration in line with the approved resolution plan. en-us Mon, 08 Apr 2019 00:00:00 +0530 Wed, 27 Jan 2021 18:59:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293164 The Tribunal held that the Adjudicating Authority lacked jurisdiction to entertain Interlocutory Applications after the Committee of Creditors (CoC) approved the resolution plan. The Tribunal found the Earnest Money Deposit (EMD) requirement valid and not excessive. Shareholders and promoters were deemed ineligible to challenge the resolution process. Applications challenging the resolution process were deemed untimely and not maintainable. The Tribunal set aside the previous order and remitted the matter to the Adjudicating Authority for further consideration in line with the approved resolution plan. Case-Laws Insolvency and Bankruptcy Mon, 08 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293164