https://www.taxtmi.com/caselaws?id=299678 The Appellate Tribunal dismissed both appeals challenging the approved Resolution Plan of the 3rd Respondent. It emphasized the importance of adherence to evaluation criteria, the competence of the Committee of Creditors in commercial aspects review, and limited grounds for interference in approved Resolution Plans unless specific legal violations occur under Section 61(3). The Tribunal ruled that no grounds were established to challenge the approved Resolution Plan, highlighting the need for legal compliance and criteria adherence in resolution processes. en-us Thu, 30 Jan 2020 00:00:00 +0530 Fri, 24 Dec 2021 20:33:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299678 The Appellate Tribunal dismissed both appeals challenging the approved Resolution Plan of the 3rd Respondent. It emphasized the importance of adherence to evaluation criteria, the competence of the Committee of Creditors in commercial aspects review, and limited grounds for interference in approved Resolution Plans unless specific legal violations occur under Section 61(3). The Tribunal ruled that no grounds were established to challenge the approved Resolution Plan, highlighting the need for legal compliance and criteria adherence in resolution processes. Case-Laws Insolvency and Bankruptcy Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299678