https://www.taxtmi.com/caselaws?id=420348 The National Company Law Appellate Tribunal, New Delhi, dismissed the appeal by an Operational Creditor challenging payment disparity in a Resolution Plan. The Tribunal upheld the order approving the plan, noting that Operational Creditors are entitled to a minimum payment not less than the liquidation value, unlike Financial Creditors. Emphasizing the discretion of the Committee of Creditors, the Tribunal found no arbitrariness in the differential payment percentages accepted by different creditor classes. The judgment highlighted the commercial considerations and differentiation between Operational and Financial Creditors in insolvency proceedings. en-us Thu, 31 Mar 2022 00:00:00 +0530 Fri, 01 Apr 2022 08:32:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420348 The National Company Law Appellate Tribunal, New Delhi, dismissed the appeal by an Operational Creditor challenging payment disparity in a Resolution Plan. The Tribunal upheld the order approving the plan, noting that Operational Creditors are entitled to a minimum payment not less than the liquidation value, unlike Financial Creditors. Emphasizing the discretion of the Committee of Creditors, the Tribunal found no arbitrariness in the differential payment percentages accepted by different creditor classes. The judgment highlighted the commercial considerations and differentiation between Operational and Financial Creditors in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Thu, 31 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420348