https://www.taxtmi.com/caselaws?id=426410 The Tribunal allowed the application and remanded the resolution plan back to the Committee of Creditors (CoC) for reconsideration. The decision emphasized the CoC's authority to approve or reject plans based on changed circumstances, supported by judicial precedents. The Tribunal affirmed its jurisdiction to send plans back for review, aligning with legal principles upholding the CoC's commercial wisdom and the Adjudicating Authority's role in ensuring plan compliance. en-us Wed, 27 Jul 2022 00:00:00 +0530 Tue, 16 Aug 2022 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426410 The Tribunal allowed the application and remanded the resolution plan back to the Committee of Creditors (CoC) for reconsideration. The decision emphasized the CoC's authority to approve or reject plans based on changed circumstances, supported by judicial precedents. The Tribunal affirmed its jurisdiction to send plans back for review, aligning with legal principles upholding the CoC's commercial wisdom and the Adjudicating Authority's role in ensuring plan compliance. Case-Laws Insolvency and Bankruptcy Wed, 27 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426410