https://www.taxtmi.com/caselaws?id=420856 The Tribunal partially allowed the application, specifically directing the Resolution Professional to provide the valuation report to the ex-directors. Other issues, including tagging the current Interlocutory Application with another, extinguishing personal guarantees and mortgages, challenging the legality of the resolution approving the plan, and reducing the claim of the State Bank of India, were left for further consideration. The decision emphasized transparency and the involvement of ex-directors in the resolution process to maximize the corporate debtor's asset value. en-us Wed, 30 Mar 2022 00:00:00 +0530 Tue, 12 Apr 2022 09:16:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420856 The Tribunal partially allowed the application, specifically directing the Resolution Professional to provide the valuation report to the ex-directors. Other issues, including tagging the current Interlocutory Application with another, extinguishing personal guarantees and mortgages, challenging the legality of the resolution approving the plan, and reducing the claim of the State Bank of India, were left for further consideration. The decision emphasized transparency and the involvement of ex-directors in the resolution process to maximize the corporate debtor's asset value. Case-Laws Insolvency and Bankruptcy Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420856