https://www.taxtmi.com/caselaws?id=409132 The Tribunal declined to entertain the appeal challenging the approval of the Resolution Plan by a third party unrelated to the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. Emphasizing the need for adjudicating pending applications before challenging Resolution Plan approvals, the Tribunal granted the Appellant the liberty to raise admissible issues post the decision on the pending application. The judgment underscores the complexities of third-party challenges to Resolution Plans and the importance of examining contractual rights and obligations in insolvency proceedings. en-us Mon, 28 Jun 2021 00:00:00 +0530 Wed, 30 Jun 2021 08:22:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409132 The Tribunal declined to entertain the appeal challenging the approval of the Resolution Plan by a third party unrelated to the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. Emphasizing the need for adjudicating pending applications before challenging Resolution Plan approvals, the Tribunal granted the Appellant the liberty to raise admissible issues post the decision on the pending application. The judgment underscores the complexities of third-party challenges to Resolution Plans and the importance of examining contractual rights and obligations in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Mon, 28 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409132