https://www.taxtmi.com/caselaws?id=300873 The Tribunal upheld the Committee of Creditors' (COC) approval of the Resolution Plan with an 81.39% majority, dismissing objections regarding alleged discrimination in creditor treatment. It found the categorization of creditors based on security interests and asset criticality lawful, emphasizing non-justiciability of COC's commercial judgment. The Tribunal rejected applications challenging the plan's compliance with the Insolvency and Bankruptcy Code, concluding no grounds to revise creditor allotments or interfere with COC's decision, affirming the plan's adherence to the IBC, 2016. en-us Thu, 09 May 2019 00:00:00 +0530 Tue, 01 Mar 2022 18:19:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300873 The Tribunal upheld the Committee of Creditors' (COC) approval of the Resolution Plan with an 81.39% majority, dismissing objections regarding alleged discrimination in creditor treatment. It found the categorization of creditors based on security interests and asset criticality lawful, emphasizing non-justiciability of COC's commercial judgment. The Tribunal rejected applications challenging the plan's compliance with the Insolvency and Bankruptcy Code, concluding no grounds to revise creditor allotments or interfere with COC's decision, affirming the plan's adherence to the IBC, 2016. Case-Laws Insolvency and Bankruptcy Thu, 09 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300873