https://www.taxtmi.com/caselaws?id=419958 The tribunal upheld the resolution plan approved by the Committee of Creditors (CoC), emphasizing the commercial wisdom exercised in its approval. The plan's feasibility and viability were confirmed, with payments to operational and financial creditors aligning with Insolvency and Bankruptcy Code provisions. Despite a challenge regarding the late appointment of valuers, the tribunal found no substantial impact on the valuation process. The appeal was dismissed, affirming the legitimacy and legal validity of the resolution plan. en-us Tue, 22 Mar 2022 00:00:00 +0530 Wed, 23 Mar 2022 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419958 The tribunal upheld the resolution plan approved by the Committee of Creditors (CoC), emphasizing the commercial wisdom exercised in its approval. The plan's feasibility and viability were confirmed, with payments to operational and financial creditors aligning with Insolvency and Bankruptcy Code provisions. Despite a challenge regarding the late appointment of valuers, the tribunal found no substantial impact on the valuation process. The appeal was dismissed, affirming the legitimacy and legal validity of the resolution plan. Case-Laws Insolvency and Bankruptcy Tue, 22 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419958