https://www.taxtmi.com/caselaws?id=407596 The Tribunal allowed the Application filed under the Insolvency and Bankruptcy Code, directing the 1st Respondent to disburse the amount due to the Applicant as per the approved Resolution Plan within 90 days. It emphasized the binding nature of the Resolution Plan's terms on all stakeholders, rejecting the Committee of Creditors' attempt to allocate additional litigation costs to related party Financial Creditors post-approval. The decision underscored the necessity of incorporating all relevant costs into the Resolution Plan initially. en-us Tue, 20 Apr 2021 00:00:00 +0530 Sat, 15 May 2021 08:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407596 The Tribunal allowed the Application filed under the Insolvency and Bankruptcy Code, directing the 1st Respondent to disburse the amount due to the Applicant as per the approved Resolution Plan within 90 days. It emphasized the binding nature of the Resolution Plan's terms on all stakeholders, rejecting the Committee of Creditors' attempt to allocate additional litigation costs to related party Financial Creditors post-approval. The decision underscored the necessity of incorporating all relevant costs into the Resolution Plan initially. Case-Laws Insolvency and Bankruptcy Tue, 20 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407596