https://www.taxtmi.com/caselaws?id=299009 The National Company Law Tribunal, New Delhi Principal Bench, emphasized the importance of fairness in decision-making by the Resolution Professional (RP) regarding the allocation of voting shares to the Committee of Creditors (CoC) in a case involving multiple corporate debtors. The Tribunal directed the RP to ensure impartiality and fairness in allocating the voting share based on the specific corporate debtor involved, rather than the total loan amount of all debtors. The judgment highlighted the RP's obligation to act objectively and avoid favoritism towards any creditor, ensuring transparency and adherence to legal provisions for a fair insolvency resolution process. en-us Mon, 17 Dec 2018 00:00:00 +0530 Wed, 01 Dec 2021 08:49:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299009 The National Company Law Tribunal, New Delhi Principal Bench, emphasized the importance of fairness in decision-making by the Resolution Professional (RP) regarding the allocation of voting shares to the Committee of Creditors (CoC) in a case involving multiple corporate debtors. The Tribunal directed the RP to ensure impartiality and fairness in allocating the voting share based on the specific corporate debtor involved, rather than the total loan amount of all debtors. The judgment highlighted the RP's obligation to act objectively and avoid favoritism towards any creditor, ensuring transparency and adherence to legal provisions for a fair insolvency resolution process. Case-Laws Insolvency and Bankruptcy Mon, 17 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299009