https://www.taxtmi.com/caselaws?id=430531 The Tribunal affirmed the approval of the Resolution Plan by the Adjudicating Authority under Section 30 of the Insolvency and Bankruptcy Code, unanimously supported by the Committee of Creditors. It dismissed the Intervention Application by M/s. Alfa Technology & Services due to lack of proper representation. The Tribunal upheld the Resolution Plan's distribution as non-discriminatory, emphasizing the Commercial Wisdom of the Committee of Creditors. It concluded that the Operational Creditors were paid in accordance with the Code, dismissing the Appeal and suggesting a review for potential minimum entitlement for Operational Creditors beyond liquidation value. en-us Wed, 16 Nov 2022 00:00:00 +0530 Tue, 22 Nov 2022 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430531 The Tribunal affirmed the approval of the Resolution Plan by the Adjudicating Authority under Section 30 of the Insolvency and Bankruptcy Code, unanimously supported by the Committee of Creditors. It dismissed the Intervention Application by M/s. Alfa Technology & Services due to lack of proper representation. The Tribunal upheld the Resolution Plan's distribution as non-discriminatory, emphasizing the Commercial Wisdom of the Committee of Creditors. It concluded that the Operational Creditors were paid in accordance with the Code, dismissing the Appeal and suggesting a review for potential minimum entitlement for Operational Creditors beyond liquidation value. Case-Laws Insolvency and Bankruptcy Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430531