https://www.taxtmi.com/caselaws?id=417445 The Tribunal found the Resolution Plan discriminatory and in violation of the IBC. It determined that the categorization of Financial Creditors lacked a sound principle and confirmed the exclusive security/charge over trademarks in favor of the Appellant. The matter was remitted to the CoC for proper distribution of the resolution amount in accordance with relevant regulations. The Appeal was allowed without costs. en-us Fri, 21 Jan 2022 00:00:00 +0530 Mon, 24 Jan 2022 08:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417445 The Tribunal found the Resolution Plan discriminatory and in violation of the IBC. It determined that the categorization of Financial Creditors lacked a sound principle and confirmed the exclusive security/charge over trademarks in favor of the Appellant. The matter was remitted to the CoC for proper distribution of the resolution amount in accordance with relevant regulations. The Appeal was allowed without costs. Case-Laws Insolvency and Bankruptcy Fri, 21 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417445