https://www.taxtmi.com/caselaws?id=406660 The Tribunal held that the Adjudicating Authority's order directing fresh bids despite the Committee of Creditors' approval of the resolution plan was unsustainable and interfered with the CoC's commercial wisdom. The impugned order was set aside, and the Adjudicating Authority was directed to approve the resolution plan with 100% voting in favor of KALS Group. As a result, the appeal was allowed, and related interlocutory applications were closed. en-us Mon, 19 Apr 2021 00:00:00 +0530 Tue, 20 Apr 2021 22:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406660 The Tribunal held that the Adjudicating Authority's order directing fresh bids despite the Committee of Creditors' approval of the resolution plan was unsustainable and interfered with the CoC's commercial wisdom. The impugned order was set aside, and the Adjudicating Authority was directed to approve the resolution plan with 100% voting in favor of KALS Group. As a result, the appeal was allowed, and related interlocutory applications were closed. Case-Laws Insolvency and Bankruptcy Mon, 19 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406660