https://www.taxtmi.com/highlights?id=61962 Approval of resolution plan - The learned Counsel for the RP has submitted before us that Appellant itself has submitted twice the Resolution Plan, which could not be approved - There being debt of more that ₹ 50 crores, the Resolution Plan, which was submitted by the Appellant was only for ₹ 6.5 crores, which did not find favour with the Committee of Creditors. In the facts, which have been brought on record, there are no substance in the submission of learned Counsel for the Appellant that Application under Section 9 by the Operational Creditor was not maintainable. - AT en-us Wed, 16 Feb 2022 12:36:27 +0530 Wed, 16 Feb 2022 12:36:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61962 Approval of resolution plan - The learned Counsel for the RP has submitted before us that Appellant itself has submitted twice the Resolution Plan, which could not be approved - There being debt of more that ₹ 50 crores, the Resolution Plan, which was submitted by the Appellant was only for ₹ 6.5 crores, which did not find favour with the Committee of Creditors. In the facts, which have been brought on record, there are no substance in the submission of learned Counsel for the Appellant that Application under Section 9 by the Operational Creditor was not maintainable. - AT Highlights Insolvency and Bankruptcy Wed, 16 Feb 2022 12:36:27 +0530 https://www.taxtmi.com/highlights?id=61962