https://www.taxtmi.com/caselaws?id=419963 The appeal against the approval of the Resolution Plan by NCLT Mumbai Bench was dismissed. The Tribunal found no grounds to interfere with the order approving the Resolution Plan submitted by Respondent No.4, which had undergone various stages of approval. The appellants' concerns regarding equity share infusion and purchase consideration were considered but did not warrant overturning the approval. The Tribunal concluded that the appellants could pursue legal remedies for their specific issues with Respondent No.4, ultimately leading to the dismissal of the appeal. en-us Tue, 22 Mar 2022 00:00:00 +0530 Thu, 24 Mar 2022 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419963 The appeal against the approval of the Resolution Plan by NCLT Mumbai Bench was dismissed. The Tribunal found no grounds to interfere with the order approving the Resolution Plan submitted by Respondent No.4, which had undergone various stages of approval. The appellants' concerns regarding equity share infusion and purchase consideration were considered but did not warrant overturning the approval. The Tribunal concluded that the appellants could pursue legal remedies for their specific issues with Respondent No.4, ultimately leading to the dismissal of the appeal. Case-Laws Insolvency and Bankruptcy Tue, 22 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419963