https://www.taxtmi.com/caselaws?id=430527 The Tribunal dismissed the Contempt Application (AT) No. 25 of 2022, finding no contempt by the CoC or the Resolution Professional regarding the Order dated 04.07.2022. The Tribunal directed the CoC to consider both the Resolution Plans and the Section 12A Settlement Proposal together to maximize the Corporate Debtor's asset value. The Appellant, a suspended Director, was allowed to participate in CoC deliberations. The CIRP period was extended by 15 days beyond 28th November 2022, and the Tribunal disposed of I.A. No. 3410 of 2022, emphasizing a comprehensive evaluation of all proposals. en-us Mon, 21 Nov 2022 00:00:00 +0530 Thu, 11 Jan 2024 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430527 The Tribunal dismissed the Contempt Application (AT) No. 25 of 2022, finding no contempt by the CoC or the Resolution Professional regarding the Order dated 04.07.2022. The Tribunal directed the CoC to consider both the Resolution Plans and the Section 12A Settlement Proposal together to maximize the Corporate Debtor's asset value. The Appellant, a suspended Director, was allowed to participate in CoC deliberations. The CIRP period was extended by 15 days beyond 28th November 2022, and the Tribunal disposed of I.A. No. 3410 of 2022, emphasizing a comprehensive evaluation of all proposals. Case-Laws Insolvency and Bankruptcy Mon, 21 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430527