https://www.taxtmi.com/caselaws?id=404700 The appeal was dismissed as the court upheld the consolidation of the Corporate Insolvency Resolution Process (CIRP) of three companies, including a subsidiary, based on common control, inter-dependence, and pooling of resources among the companies. The court emphasized the importance of consolidation for efficient resolution and stakeholder value, overriding individual creditor interests. The decision highlighted the synergies and inter-dependencies between the companies, justifying the consolidation under the Insolvency and Bankruptcy Code objective. en-us Fri, 26 Feb 2021 00:00:00 +0530 Tue, 02 Mar 2021 08:17:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404700 The appeal was dismissed as the court upheld the consolidation of the Corporate Insolvency Resolution Process (CIRP) of three companies, including a subsidiary, based on common control, inter-dependence, and pooling of resources among the companies. The court emphasized the importance of consolidation for efficient resolution and stakeholder value, overriding individual creditor interests. The decision highlighted the synergies and inter-dependencies between the companies, justifying the consolidation under the Insolvency and Bankruptcy Code objective. Case-Laws Insolvency and Bankruptcy Fri, 26 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404700