https://www.taxtmi.com/caselaws?id=431159 The Tribunal upheld the Adjudicating Authority's decision to approve the Resolution Plan, finding it compliant with the Insolvency and Bankruptcy Code. The plan addressed the interests of stakeholders, including operational creditors, and was unanimously approved by the Committee of Creditors. The Tribunal emphasized limited judicial review over the CoC's commercial decisions, citing precedents supporting the CoC's discretion. The appeal was dismissed, affirming the Resolution Plan's approval. en-us Mon, 05 Dec 2022 00:00:00 +0530 Wed, 07 Dec 2022 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431159 The Tribunal upheld the Adjudicating Authority's decision to approve the Resolution Plan, finding it compliant with the Insolvency and Bankruptcy Code. The plan addressed the interests of stakeholders, including operational creditors, and was unanimously approved by the Committee of Creditors. The Tribunal emphasized limited judicial review over the CoC's commercial decisions, citing precedents supporting the CoC's discretion. The appeal was dismissed, affirming the Resolution Plan's approval. Case-Laws Insolvency and Bankruptcy Mon, 05 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431159