https://www.taxtmi.com/caselaws?id=304074 The Tribunal dismissed both applications, concluding that the Resolution Professional rightfully rejected the applicant's claim related to interest accrued during the Corporate Insolvency Resolution Process. Additionally, the Resolution Plan approved by the Committee of Creditors was found to comply with the Insolvency and Bankruptcy Code, 2016, and related regulations. The Tribunal upheld the Resolution Plan, ensuring the Corporate Debtor's status as an ongoing concern. en-us Thu, 30 Jan 2020 00:00:00 +0530 Wed, 07 Sep 2022 06:44:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304074 The Tribunal dismissed both applications, concluding that the Resolution Professional rightfully rejected the applicant's claim related to interest accrued during the Corporate Insolvency Resolution Process. Additionally, the Resolution Plan approved by the Committee of Creditors was found to comply with the Insolvency and Bankruptcy Code, 2016, and related regulations. The Tribunal upheld the Resolution Plan, ensuring the Corporate Debtor's status as an ongoing concern. Case-Laws Insolvency and Bankruptcy Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304074