https://www.taxtmi.com/caselaws?id=429028 The Appeal was dismissed by the Tribunal, affirming the validity of the Resolution Plan approved by the CoC and upheld by the Supreme Court. The Tribunal found the Corporate Guarantees questionable, the classification of NPA justified, and the reconstitution of the CoC appropriate. Compliance with Sections 186 & 187 of the Companies Act was deemed irrelevant to the case. en-us Fri, 14 Oct 2022 00:00:00 +0530 Sat, 15 Oct 2022 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429028 The Appeal was dismissed by the Tribunal, affirming the validity of the Resolution Plan approved by the CoC and upheld by the Supreme Court. The Tribunal found the Corporate Guarantees questionable, the classification of NPA justified, and the reconstitution of the CoC appropriate. Compliance with Sections 186 & 187 of the Companies Act was deemed irrelevant to the case. Case-Laws Insolvency and Bankruptcy Fri, 14 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429028