https://www.taxtmi.com/caselaws?id=413336 The Tribunal dismissed both appeals, upholding the Adjudicating Authority's decision to dismiss the application due to the Resolution Plan's prior approval by the Committee of Creditors. The Tribunal found that the Expression of Interest was properly published, conditions imposed on the Appellant were justified, and emphasized the importance of adhering to timelines under the Insolvency and Bankruptcy Code. The CoC's decision to extend the Corporate Insolvency Resolution Process and approve a Resolution Plan was upheld, with the Tribunal underscoring limited judicial review in such commercial decisions. en-us Thu, 07 Oct 2021 00:00:00 +0530 Sat, 09 Oct 2021 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413336 The Tribunal dismissed both appeals, upholding the Adjudicating Authority's decision to dismiss the application due to the Resolution Plan's prior approval by the Committee of Creditors. The Tribunal found that the Expression of Interest was properly published, conditions imposed on the Appellant were justified, and emphasized the importance of adhering to timelines under the Insolvency and Bankruptcy Code. The CoC's decision to extend the Corporate Insolvency Resolution Process and approve a Resolution Plan was upheld, with the Tribunal underscoring limited judicial review in such commercial decisions. Case-Laws Insolvency and Bankruptcy Thu, 07 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413336