https://www.taxtmi.com/caselaws?id=421218 The Tribunal set aside the Adjudicating Authority's order allowing consideration of a new Resolution Plan after the approval of the Appellant's plan. It held that the Authority lacked jurisdiction to direct the CoC to consider a new plan post-approval. Emphasizing compliance with IBC timelines, the Tribunal rejected the application, citing the binding nature of CoC decisions and the need for procedural adherence. The decision highlighted the importance of upholding approved plans' finality and timely resolution processes. en-us Mon, 18 Apr 2022 00:00:00 +0530 Wed, 20 Apr 2022 08:31:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421218 The Tribunal set aside the Adjudicating Authority's order allowing consideration of a new Resolution Plan after the approval of the Appellant's plan. It held that the Authority lacked jurisdiction to direct the CoC to consider a new plan post-approval. Emphasizing compliance with IBC timelines, the Tribunal rejected the application, citing the binding nature of CoC decisions and the need for procedural adherence. The decision highlighted the importance of upholding approved plans' finality and timely resolution processes. Case-Laws Insolvency and Bankruptcy Mon, 18 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421218