https://www.taxtmi.com/caselaws?id=406478 The Tribunal upheld the Adjudicating Authority's approval of the Resolution Plan submitted by Sify Technology Limited, dismissing the appellant's challenge. It was determined that the Resolution Plan complied with the Insolvency and Bankruptcy Code, respected the commercial wisdom of the Committee of Creditors, and adequately considered stakeholders' interests, including provisions for employees and workmen. The Tribunal emphasized the importance of the CoC's decision-making authority in approving the Plan, which was found to be feasible, viable, and in accordance with the law. en-us Tue, 13 Apr 2021 00:00:00 +0530 Thu, 15 Apr 2021 08:06:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406478 The Tribunal upheld the Adjudicating Authority's approval of the Resolution Plan submitted by Sify Technology Limited, dismissing the appellant's challenge. It was determined that the Resolution Plan complied with the Insolvency and Bankruptcy Code, respected the commercial wisdom of the Committee of Creditors, and adequately considered stakeholders' interests, including provisions for employees and workmen. The Tribunal emphasized the importance of the CoC's decision-making authority in approving the Plan, which was found to be feasible, viable, and in accordance with the law. Case-Laws Insolvency and Bankruptcy Tue, 13 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406478