https://www.taxtmi.com/caselaws?id=424801 The court addressed challenges in distribution under the Insolvency and Bankruptcy Code, focusing on an application to rework the methodology. The applicant sought distribution based on voting share over security interest, post-amendment of section 30(2). The Resolution Plan lacked clarity, leading to disputes. The court directed distribution in line with section 53(1), emphasizing equitable treatment of dissenting Financial Creditors. The judgment clarified distribution methodology, stressing adherence to statutory requirements for fair distribution in insolvency proceedings. en-us Tue, 28 Jun 2022 00:00:00 +0530 Sat, 09 Jul 2022 08:01:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424801 The court addressed challenges in distribution under the Insolvency and Bankruptcy Code, focusing on an application to rework the methodology. The applicant sought distribution based on voting share over security interest, post-amendment of section 30(2). The Resolution Plan lacked clarity, leading to disputes. The court directed distribution in line with section 53(1), emphasizing equitable treatment of dissenting Financial Creditors. The judgment clarified distribution methodology, stressing adherence to statutory requirements for fair distribution in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Tue, 28 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424801