https://www.taxtmi.com/caselaws?id=420643 The Tribunal upheld the Adjudicating Authority's direction for the Resolution Professional to present all Resolution Plans to the Committee of Creditors (CoC) with compliance opinions, emphasizing the Resolution Professional's role as a facilitator, not a gatekeeper. The Resolution Professional cannot unilaterally withhold a plan based on eligibility concerns but must provide opinions for the CoC's consideration. The Resolution Professional's responsibility is to ensure plan completeness and compliance, leaving the final decision to the CoC, as highlighted in the Supreme Court judgment. The Tribunal dismissed both Appeals, underscoring the Resolution Professional's facilitative role in the insolvency resolution process. en-us Tue, 05 Apr 2022 00:00:00 +0530 Fri, 08 Apr 2022 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420643 The Tribunal upheld the Adjudicating Authority's direction for the Resolution Professional to present all Resolution Plans to the Committee of Creditors (CoC) with compliance opinions, emphasizing the Resolution Professional's role as a facilitator, not a gatekeeper. The Resolution Professional cannot unilaterally withhold a plan based on eligibility concerns but must provide opinions for the CoC's consideration. The Resolution Professional's responsibility is to ensure plan completeness and compliance, leaving the final decision to the CoC, as highlighted in the Supreme Court judgment. The Tribunal dismissed both Appeals, underscoring the Resolution Professional's facilitative role in the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Tue, 05 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420643