https://www.taxtmi.com/caselaws?id=428125 The Tribunal upheld the Adjudicating Authority's decision, dismissing the appeal and directing the Liquidator to accept the nomination of Mr. Vivek Shukla as the representative of the Shareholders in the Stakeholders Consultation Committee (SCC). The Tribunal found the Liquidator's rejection of the majority nomination incorrect, emphasizing that Regulation 31A(3) does not require unanimous nomination. The Adjudicating Authority's order was deemed lawful, with no illegality or infirmity noted. The Tribunal instructed compliance with the law and highlighted ongoing arbitration proceedings and potential conflicts of interest involving the Appellant. en-us Fri, 23 Sep 2022 00:00:00 +0530 Sat, 24 Sep 2022 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428125 The Tribunal upheld the Adjudicating Authority's decision, dismissing the appeal and directing the Liquidator to accept the nomination of Mr. Vivek Shukla as the representative of the Shareholders in the Stakeholders Consultation Committee (SCC). The Tribunal found the Liquidator's rejection of the majority nomination incorrect, emphasizing that Regulation 31A(3) does not require unanimous nomination. The Adjudicating Authority's order was deemed lawful, with no illegality or infirmity noted. The Tribunal instructed compliance with the law and highlighted ongoing arbitration proceedings and potential conflicts of interest involving the Appellant. Case-Laws Insolvency and Bankruptcy Fri, 23 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428125