https://www.taxtmi.com/caselaws?id=416146 The tribunal dismissed the appeal challenging the approval of Respondent No.3's Resolution Plan by the Adjudicating Authority. The CoC's decision to approve the plan was upheld, emphasizing their commercial wisdom. The tribunal found no breach of evaluation matrix or IBBI Regulations, stating the CoC's decision is non-justiciable. The Appellant had opportunities to revise its plan, and the grounds for appeal under Section 61(3) of the IBC were deemed unsubstantiated. The appeal was dismissed without costs, affirming the approval of Respondent No.3's Resolution Plan. en-us Tue, 21 Dec 2021 00:00:00 +0530 Wed, 22 Dec 2021 07:50:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416146 The tribunal dismissed the appeal challenging the approval of Respondent No.3's Resolution Plan by the Adjudicating Authority. The CoC's decision to approve the plan was upheld, emphasizing their commercial wisdom. The tribunal found no breach of evaluation matrix or IBBI Regulations, stating the CoC's decision is non-justiciable. The Appellant had opportunities to revise its plan, and the grounds for appeal under Section 61(3) of the IBC were deemed unsubstantiated. The appeal was dismissed without costs, affirming the approval of Respondent No.3's Resolution Plan. Case-Laws Insolvency and Bankruptcy Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416146