https://www.taxtmi.com/caselaws?id=416292 The Tribunal dismissed the Applications seeking modification of payment terms under the Resolution Plan, emphasizing the binding nature of an approved Resolution Plan and equitable treatment of creditors as per the Insolvency and Bankruptcy Code. The Tribunal highlighted that once a Resolution Plan is approved, it is frozen and binding on all stakeholders, including Financial Creditors. The Applications were rejected based on this principle, with the Tribunal emphasizing fair and equitable distribution to all creditors and the commercial decisions governed by the Resolution Plan. en-us Thu, 23 Dec 2021 00:00:00 +0530 Sat, 25 Dec 2021 08:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416292 The Tribunal dismissed the Applications seeking modification of payment terms under the Resolution Plan, emphasizing the binding nature of an approved Resolution Plan and equitable treatment of creditors as per the Insolvency and Bankruptcy Code. The Tribunal highlighted that once a Resolution Plan is approved, it is frozen and binding on all stakeholders, including Financial Creditors. The Applications were rejected based on this principle, with the Tribunal emphasizing fair and equitable distribution to all creditors and the commercial decisions governed by the Resolution Plan. Case-Laws Insolvency and Bankruptcy Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416292