https://www.taxtmi.com/highlights?id=62445 Validity of approval of Resolution Plan - It is submitted that Adjudicating Authority while approving the Resolution Plan has erroneously directed that Excluded Securities are no longer enforceable as defined under Resolution Plan which direction is contrary to the Resolution Plan. - Appeal are allowed by deleting the relevant part in Direction 1 of the Impugned Order under the heading ‘Reliefs, Concessions and Dispensations to the extent ‘hence, the excluded securities are no longer enforceable as defined under the resolution plan’. - AT en-us Tue, 15 Mar 2022 13:33:29 +0530 Tue, 15 Mar 2022 13:33:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62445 Validity of approval of Resolution Plan - It is submitted that Adjudicating Authority while approving the Resolution Plan has erroneously directed that Excluded Securities are no longer enforceable as defined under Resolution Plan which direction is contrary to the Resolution Plan. - Appeal are allowed by deleting the relevant part in Direction 1 of the Impugned Order under the heading ‘Reliefs, Concessions and Dispensations to the extent ‘hence, the excluded securities are no longer enforceable as defined under the resolution plan’. - AT Highlights Insolvency and Bankruptcy Tue, 15 Mar 2022 13:33:29 +0530 https://www.taxtmi.com/highlights?id=62445