https://www.taxtmi.com/caselaws?id=417304 The Tribunal declined to interfere with the Committee of Creditors' approval of a resolution plan for a corporate debtor, emphasizing the importance of timely submissions under the Insolvency and Bankruptcy Code and CIRP Regulations. The applicant's request to submit a plan after the deadline was rejected, considering the CoC's commercial wisdom and the need to maximize the corporate debtor's value. The Tribunal disposed of the application without imposing costs, upholding the CoC's decision-making authority and adherence to prescribed timelines. en-us Tue, 04 Jan 2022 00:00:00 +0530 Thu, 20 Jan 2022 08:25:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417304 The Tribunal declined to interfere with the Committee of Creditors' approval of a resolution plan for a corporate debtor, emphasizing the importance of timely submissions under the Insolvency and Bankruptcy Code and CIRP Regulations. The applicant's request to submit a plan after the deadline was rejected, considering the CoC's commercial wisdom and the need to maximize the corporate debtor's value. The Tribunal disposed of the application without imposing costs, upholding the CoC's decision-making authority and adherence to prescribed timelines. Case-Laws Insolvency and Bankruptcy Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417304