https://www.taxtmi.com/caselaws?id=406573 The Adjudicating Authority (AA) found that the execution of a long-term lease for Ace Complex Land was not a condition precedent for approving the Resolution Plan but only for its effective date. The AA dismissed the appeal, stating that the appellant's challenges to the approved plan were unjustified attempts to evade obligations. The appellant was ordered to pay costs of Rs. 1 lakh. en-us Fri, 16 Apr 2021 00:00:00 +0530 Sat, 17 Apr 2021 11:05:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406573 The Adjudicating Authority (AA) found that the execution of a long-term lease for Ace Complex Land was not a condition precedent for approving the Resolution Plan but only for its effective date. The AA dismissed the appeal, stating that the appellant's challenges to the approved plan were unjustified attempts to evade obligations. The appellant was ordered to pay costs of Rs. 1 lakh. Case-Laws Insolvency and Bankruptcy Fri, 16 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406573