https://www.taxtmi.com/caselaws?id=296298 The Tribunal rejected Deccan's resolution plan due to misrepresentation, non-disclosure of material facts, and unviability based on new information. The Committee of Creditors (CoC) was upheld in invoking the Bid Bond Guarantee, but unable to compel Deccan to implement the plan. Fresh bids were ordered to prevent liquidation of the Corporate Debtor and explore other resolution options. en-us Fri, 27 Sep 2019 00:00:00 +0530 Wed, 14 Jul 2021 06:25:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296298 The Tribunal rejected Deccan's resolution plan due to misrepresentation, non-disclosure of material facts, and unviability based on new information. The Committee of Creditors (CoC) was upheld in invoking the Bid Bond Guarantee, but unable to compel Deccan to implement the plan. Fresh bids were ordered to prevent liquidation of the Corporate Debtor and explore other resolution options. Case-Laws Insolvency and Bankruptcy Fri, 27 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296298