https://www.taxtmi.com/caselaws?id=407067 The Tribunal directed the Resolution Professional to reconvene the Committee of Creditors to reassess the necessity of proceeding with the Resolution Plan due to significant implementation delays. The COC was instructed to submit a fresh resolution considering changed circumstances and concerns raised by members seeking to revoke the Plan's approval. The Tribunal emphasized the importance of a prompt resolution by the COC to address ongoing issues related to the Resolution Plan's implementation. en-us Wed, 24 Mar 2021 00:00:00 +0530 Fri, 30 Apr 2021 08:23:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407067 The Tribunal directed the Resolution Professional to reconvene the Committee of Creditors to reassess the necessity of proceeding with the Resolution Plan due to significant implementation delays. The COC was instructed to submit a fresh resolution considering changed circumstances and concerns raised by members seeking to revoke the Plan's approval. The Tribunal emphasized the importance of a prompt resolution by the COC to address ongoing issues related to the Resolution Plan's implementation. Case-Laws Insolvency and Bankruptcy Wed, 24 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407067