https://www.taxtmi.com/caselaws?id=426695 The Tribunal upheld the Adjudicating Authority's approval of the Resolution Plan under the I&B Code, dismissing the appeal challenging the decision. It found no legal infirmity in the CoC's evaluation and decision-making process, emphasizing the non-justiciability of the CoC's commercial wisdom. The Tribunal reiterated the limited role of the Adjudicating Authority and Appellate Tribunal in reviewing commercial decisions, ultimately affirming the Resolution Plan's compliance with the law. en-us Mon, 22 Aug 2022 00:00:00 +0530 Wed, 24 Aug 2022 08:47:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426695 The Tribunal upheld the Adjudicating Authority's approval of the Resolution Plan under the I&B Code, dismissing the appeal challenging the decision. It found no legal infirmity in the CoC's evaluation and decision-making process, emphasizing the non-justiciability of the CoC's commercial wisdom. The Tribunal reiterated the limited role of the Adjudicating Authority and Appellate Tribunal in reviewing commercial decisions, ultimately affirming the Resolution Plan's compliance with the law. Case-Laws Insolvency and Bankruptcy Mon, 22 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426695