https://www.taxtmi.com/caselaws?id=407391 The Tribunal dismissed the challenge against the altered distribution matrix but found the success fee for the Resolution Professional unreasonable. The Tribunal directed the equitable distribution of the success fee among employees, operational creditors, and unsecured creditors, emphasizing fairness. The application was partially allowed, highlighting the importance of adhering to legal provisions and ensuring equitable treatment of creditors. en-us Tue, 23 Mar 2021 00:00:00 +0530 Sat, 08 May 2021 19:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407391 The Tribunal dismissed the challenge against the altered distribution matrix but found the success fee for the Resolution Professional unreasonable. The Tribunal directed the equitable distribution of the success fee among employees, operational creditors, and unsecured creditors, emphasizing fairness. The application was partially allowed, highlighting the importance of adhering to legal provisions and ensuring equitable treatment of creditors. Case-Laws Insolvency and Bankruptcy Tue, 23 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407391