https://www.taxtmi.com/caselaws?id=428644 The Tribunal dismissed the application under Section 60(5) of the Insolvency & Bankruptcy Code, 2016 by Debenture holders against the Resolution Professional and Authorised Representative, directing parties to address grievances through SEBI or its appellate authority. The decision was based on the Tribunal's analysis of the situation, adherence to IBC provisions, practical challenges, and the involvement of a large number of NCD holders. The Tribunal found no merit in the Debenture holders' contentions regarding lack of communication, unilateral actions, conduct of COC meetings, and concerns over transactions, ultimately emphasizing the need to avoid further delays in ongoing legal proceedings. en-us Wed, 28 Sep 2022 00:00:00 +0530 Fri, 07 Oct 2022 13:09:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428644 The Tribunal dismissed the application under Section 60(5) of the Insolvency & Bankruptcy Code, 2016 by Debenture holders against the Resolution Professional and Authorised Representative, directing parties to address grievances through SEBI or its appellate authority. The decision was based on the Tribunal's analysis of the situation, adherence to IBC provisions, practical challenges, and the involvement of a large number of NCD holders. The Tribunal found no merit in the Debenture holders' contentions regarding lack of communication, unilateral actions, conduct of COC meetings, and concerns over transactions, ultimately emphasizing the need to avoid further delays in ongoing legal proceedings. Case-Laws Insolvency and Bankruptcy Wed, 28 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428644