https://www.taxtmi.com/caselaws?id=299618 The Tribunal allowed an application for submission of a revised Resolution Plan after initial rejection by the CoC, emphasizing the resolution objective of the Insolvency and Bankruptcy Code. The CoC was directed to review the revised plan, and the Resolution Professional was instructed to present other plans for voting within 3 weeks. The judgment ensures procedural adherence, fairness, and timely decision-making in insolvency proceedings, contributing to effective resolution while upholding transparency and integrity. en-us Wed, 17 Feb 2021 00:00:00 +0530 Wed, 22 Dec 2021 20:35:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299618 The Tribunal allowed an application for submission of a revised Resolution Plan after initial rejection by the CoC, emphasizing the resolution objective of the Insolvency and Bankruptcy Code. The CoC was directed to review the revised plan, and the Resolution Professional was instructed to present other plans for voting within 3 weeks. The judgment ensures procedural adherence, fairness, and timely decision-making in insolvency proceedings, contributing to effective resolution while upholding transparency and integrity. Case-Laws Insolvency and Bankruptcy Wed, 17 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299618