https://www.taxtmi.com/caselaws?id=409715 The Tribunal held that the application by the Successful Resolution Applicant and Monitoring Committee was not maintainable post-approval of the Resolution Plan. It was deemed legally untenable for them to intervene in avoidance applications under section 43 of IBC, 2016, after the Resolution Plan's approval. The judgment in "Venus Recruiters Pvt. Ltd. vs. Union of India & Ors." was upheld, emphasizing that avoidance applications must be adjudicated before the Resolution Plan's approval for the benefit of the Corporate Debtor and the Committee of Creditors. en-us Thu, 01 Jul 2021 00:00:00 +0530 Sat, 20 Nov 2021 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409715 The Tribunal held that the application by the Successful Resolution Applicant and Monitoring Committee was not maintainable post-approval of the Resolution Plan. It was deemed legally untenable for them to intervene in avoidance applications under section 43 of IBC, 2016, after the Resolution Plan's approval. The judgment in "Venus Recruiters Pvt. Ltd. vs. Union of India & Ors." was upheld, emphasizing that avoidance applications must be adjudicated before the Resolution Plan's approval for the benefit of the Corporate Debtor and the Committee of Creditors. Case-Laws Insolvency and Bankruptcy Thu, 01 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409715