https://www.taxtmi.com/caselaws?id=300897 The tribunal directed the resolution professional to modify the resolution plan to ensure equal treatment of operational creditors and classify the debt of related parties as equity contributions. The modified resolution plan was to be submitted for approval by 31st July 2018, failing which liquidation proceedings would be initiated. The order aimed to prevent the misuse of provisions of the Insolvency and Bankruptcy Code by related parties of the corporate debtor. en-us Tue, 24 Jul 2018 00:00:00 +0530 Thu, 03 Mar 2022 06:47:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300897 The tribunal directed the resolution professional to modify the resolution plan to ensure equal treatment of operational creditors and classify the debt of related parties as equity contributions. The modified resolution plan was to be submitted for approval by 31st July 2018, failing which liquidation proceedings would be initiated. The order aimed to prevent the misuse of provisions of the Insolvency and Bankruptcy Code by related parties of the corporate debtor. Case-Laws Insolvency and Bankruptcy Tue, 24 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300897