https://www.taxtmi.com/caselaws?id=404782 The Tribunal dismissed the application challenging the Resolution Plan's compliance with CIRP regulations and IBC 2016. It found that the Resolution Professional followed the required provisions, and the CoC approved the plan lawfully. The Tribunal also upheld the validity of the valuation report and rejected claims of discrimination between employee and consultant doctors. It concluded that the Resolution Professional adhered to procedural and regulatory requirements, emphasizing the CoC's decision-making authority. The applicant was advised to seek redress through an appeal if dissatisfied. en-us Mon, 22 Feb 2021 00:00:00 +0530 Thu, 04 Mar 2021 08:26:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404782 The Tribunal dismissed the application challenging the Resolution Plan's compliance with CIRP regulations and IBC 2016. It found that the Resolution Professional followed the required provisions, and the CoC approved the plan lawfully. The Tribunal also upheld the validity of the valuation report and rejected claims of discrimination between employee and consultant doctors. It concluded that the Resolution Professional adhered to procedural and regulatory requirements, emphasizing the CoC's decision-making authority. The applicant was advised to seek redress through an appeal if dissatisfied. Case-Laws Insolvency and Bankruptcy Mon, 22 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404782