https://www.taxtmi.com/caselaws?id=299680 The Tribunal rejected the application filed by proposed unsuccessful Resolution Plan Applicants (RPAs) to direct the Resolution Professional (RP) to consider a revised offer. The Committee of Creditors (COC) had already approved the resolution plan with 100% voting. The petitioner's insistence on disclosure of individual scores and bid amounts, as well as their absence during the crucial COC meeting where the plan was approved, were noted. The Tribunal deemed the application infructuous and lacking bona fides, emphasizing the importance of active participation in the resolution process. The application was rejected, and the matter was disposed of accordingly. en-us Wed, 18 Mar 2020 00:00:00 +0530 Fri, 24 Dec 2021 20:33:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299680 The Tribunal rejected the application filed by proposed unsuccessful Resolution Plan Applicants (RPAs) to direct the Resolution Professional (RP) to consider a revised offer. The Committee of Creditors (COC) had already approved the resolution plan with 100% voting. The petitioner's insistence on disclosure of individual scores and bid amounts, as well as their absence during the crucial COC meeting where the plan was approved, were noted. The Tribunal deemed the application infructuous and lacking bona fides, emphasizing the importance of active participation in the resolution process. The application was rejected, and the matter was disposed of accordingly. Case-Laws Insolvency and Bankruptcy Wed, 18 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299680