https://www.taxtmi.com/caselaws?id=299849 The CoC's decision to not shortlist SSG Group's Resolution Plan was upheld as lawful and based on the evaluation matrix, deeming SSG's subsequent plan irrelevant. CarVal's Resolution Plan was approved despite Noble's procedural violation allegations, with the CoC's majority vote deemed valid and transparent. Procedural lapses were noted, but the CoC's actions were found compliant with the law. Allegations of favoritism by SBI towards CarVal were divided, with the majority concluding SBI's actions aligned with the CoC's decision-making process. Ultimately, the CoC's decisions were upheld as lawful and in accordance with the evaluation matrix. en-us Fri, 20 Mar 2020 00:00:00 +0530 Sat, 01 Jan 2022 08:53:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299849 The CoC's decision to not shortlist SSG Group's Resolution Plan was upheld as lawful and based on the evaluation matrix, deeming SSG's subsequent plan irrelevant. CarVal's Resolution Plan was approved despite Noble's procedural violation allegations, with the CoC's majority vote deemed valid and transparent. Procedural lapses were noted, but the CoC's actions were found compliant with the law. Allegations of favoritism by SBI towards CarVal were divided, with the majority concluding SBI's actions aligned with the CoC's decision-making process. Ultimately, the CoC's decisions were upheld as lawful and in accordance with the evaluation matrix. Case-Laws Insolvency and Bankruptcy Fri, 20 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299849