https://www.taxtmi.com/caselaws?id=412067 The Appellate Tribunal dismissed the appeal against the Adjudicating Authority's order, allowing the MSME unit's Suspended Management to submit a Resolution Plan under the Insolvency and Bankruptcy Code, considering the impact of the Covid-19 pandemic. Issues regarding the Financial Creditor's claim, One Time Settlement, and fraudulent transactions were raised. The Respondent challenged the Appellant's participation, citing non-compliance and lack of transparency. The Tribunal emphasized promoting entrepreneurship while ensuring compliance, citing legal judgments and upholding the Adjudicating Authority's discretion. The Tribunal advised addressing pending issues before approving any Resolution Plan. en-us Tue, 07 Sep 2021 00:00:00 +0530 Thu, 09 Sep 2021 08:21:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412067 The Appellate Tribunal dismissed the appeal against the Adjudicating Authority's order, allowing the MSME unit's Suspended Management to submit a Resolution Plan under the Insolvency and Bankruptcy Code, considering the impact of the Covid-19 pandemic. Issues regarding the Financial Creditor's claim, One Time Settlement, and fraudulent transactions were raised. The Respondent challenged the Appellant's participation, citing non-compliance and lack of transparency. The Tribunal emphasized promoting entrepreneurship while ensuring compliance, citing legal judgments and upholding the Adjudicating Authority's discretion. The Tribunal advised addressing pending issues before approving any Resolution Plan. Case-Laws Insolvency and Bankruptcy Tue, 07 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412067