https://www.taxtmi.com/caselaws?id=404783 The Tribunal dismissed the application, finding no reason to grant relief. It concluded that the Resolution Professional (RP) complied with regulations, the resolution plan was approved by the Committee of Creditors (CoC), and met legal requirements. The applicant's request for revaluation, sending back the plan to CoC, submitting a settlement plan, and alleging collusion were all denied. The Tribunal noted the applicant's failure to cooperate and the RP's transparent conduct. The applicant was advised of alternative remedies under the Insolvency and Bankruptcy Code for appealing the resolution plan. en-us Mon, 22 Feb 2021 00:00:00 +0530 Thu, 04 Mar 2021 08:26:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404783 The Tribunal dismissed the application, finding no reason to grant relief. It concluded that the Resolution Professional (RP) complied with regulations, the resolution plan was approved by the Committee of Creditors (CoC), and met legal requirements. The applicant's request for revaluation, sending back the plan to CoC, submitting a settlement plan, and alleging collusion were all denied. The Tribunal noted the applicant's failure to cooperate and the RP's transparent conduct. The applicant was advised of alternative remedies under the Insolvency and Bankruptcy Code for appealing the resolution plan. Case-Laws Insolvency and Bankruptcy Mon, 22 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404783