https://www.taxtmi.com/caselaws?id=421446 The Tribunal partially allowed the appeals, directing Financial Creditors to refund the original claim amount to the Appellants. It upheld the commercial wisdom of the Committee of Creditors (CoC) and the validity of the Resolution Plan, emphasizing the non-justiciable nature of the CoC's decisions. The Tribunal highlighted the need for the Insolvency and Bankruptcy Board of India (IBBI) to issue appropriate clarifications to prevent similar issues in the future. Pending interlocutory applications were disposed of with this order. en-us Mon, 18 Apr 2022 00:00:00 +0530 Fri, 22 Apr 2022 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421446 The Tribunal partially allowed the appeals, directing Financial Creditors to refund the original claim amount to the Appellants. It upheld the commercial wisdom of the Committee of Creditors (CoC) and the validity of the Resolution Plan, emphasizing the non-justiciable nature of the CoC's decisions. The Tribunal highlighted the need for the Insolvency and Bankruptcy Board of India (IBBI) to issue appropriate clarifications to prevent similar issues in the future. Pending interlocutory applications were disposed of with this order. Case-Laws Insolvency and Bankruptcy Mon, 18 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421446