https://www.taxtmi.com/caselaws?id=425995 The Tribunal allowed the appeal, set aside the Adjudicating Authority's order, and remanded the matter back to the Adjudicating Authority to consider the appointment of Shri CA Mahalingam Suresh Kumar as the RP of the Corporate Debtor within two weeks in accordance with the law. The Tribunal emphasized that the commercial wisdom of the CoC should not be interfered with by the Tribunals unless it is arbitrary, illegal, or irrational. en-us Tue, 02 Aug 2022 00:00:00 +0530 Fri, 05 Aug 2022 08:55:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425995 The Tribunal allowed the appeal, set aside the Adjudicating Authority's order, and remanded the matter back to the Adjudicating Authority to consider the appointment of Shri CA Mahalingam Suresh Kumar as the RP of the Corporate Debtor within two weeks in accordance with the law. The Tribunal emphasized that the commercial wisdom of the CoC should not be interfered with by the Tribunals unless it is arbitrary, illegal, or irrational. Case-Laws Insolvency and Bankruptcy Tue, 02 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425995