https://www.taxtmi.com/caselaws?id=424909 The Tribunal upheld the approval of the Resolution Plan under Section 30(6) of the I&B Code, 2016, emphasizing minimal judicial interference in commercial decisions of the CoC. The Appeals challenging the approval, citing lack of Operational Creditors' involvement and inadequate payment, were dismissed. The Resolution Plan, compliant with legal requirements, received CoC approval and was deemed appropriate. The Tribunal affirmed the Adjudicating Authority's decision, highlighting the importance of CoC's commercial wisdom in insolvency proceedings. The parties were directed to bear their own costs as the Appeals lacked merit. en-us Mon, 11 Jul 2022 00:00:00 +0530 Tue, 12 Jul 2022 09:13:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424909 The Tribunal upheld the approval of the Resolution Plan under Section 30(6) of the I&B Code, 2016, emphasizing minimal judicial interference in commercial decisions of the CoC. The Appeals challenging the approval, citing lack of Operational Creditors' involvement and inadequate payment, were dismissed. The Resolution Plan, compliant with legal requirements, received CoC approval and was deemed appropriate. The Tribunal affirmed the Adjudicating Authority's decision, highlighting the importance of CoC's commercial wisdom in insolvency proceedings. The parties were directed to bear their own costs as the Appeals lacked merit. Case-Laws Insolvency and Bankruptcy Mon, 11 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424909