https://www.taxtmi.com/caselaws?id=300262 The Tribunal's judgment addressed various applications concerning CIRP costs, challenges to the resolution plan, and possession of the undertaking. It ordered the transfer of possession to the Committee of Creditors (CoC) and then to the erstwhile Resolution Professional (RP), emphasizing the importance of fair hearings to resolve conflicting claims. The decision highlighted the need for prudent actions to safeguard asset value and stakeholders' interests, leaving the operation of the undertaking to the discretion of the CoC and RP. en-us Thu, 05 Dec 2019 00:00:00 +0530 Thu, 20 Jan 2022 08:24:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300262 The Tribunal's judgment addressed various applications concerning CIRP costs, challenges to the resolution plan, and possession of the undertaking. It ordered the transfer of possession to the Committee of Creditors (CoC) and then to the erstwhile Resolution Professional (RP), emphasizing the importance of fair hearings to resolve conflicting claims. The decision highlighted the need for prudent actions to safeguard asset value and stakeholders' interests, leaving the operation of the undertaking to the discretion of the CoC and RP. Case-Laws Insolvency and Bankruptcy Thu, 05 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300262