https://www.taxtmi.com/caselaws?id=428537 The tribunal upheld the resolution plan approved by the Committee of Creditors (CoC) with 100% voting, dismissing the appellant's claims of discrimination against Operational Creditors. It ruled that the CoC's commercial wisdom is final and not subject to judicial review unless the plan violates the Insolvency and Bankruptcy Code or any other law. The tribunal also clarified that non-CoC members are not entitled to information on fair and liquidation value, and confirmed that the RP had properly appointed a registered valuer. The appeal was dismissed for lack of merit, affirming the Adjudicating Authority's order. en-us Fri, 30 Sep 2022 00:00:00 +0530 Mon, 03 Oct 2022 13:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428537 The tribunal upheld the resolution plan approved by the Committee of Creditors (CoC) with 100% voting, dismissing the appellant's claims of discrimination against Operational Creditors. It ruled that the CoC's commercial wisdom is final and not subject to judicial review unless the plan violates the Insolvency and Bankruptcy Code or any other law. The tribunal also clarified that non-CoC members are not entitled to information on fair and liquidation value, and confirmed that the RP had properly appointed a registered valuer. The appeal was dismissed for lack of merit, affirming the Adjudicating Authority's order. Case-Laws Insolvency and Bankruptcy Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428537