https://www.taxtmi.com/caselaws?id=305607 The Adjudicating Authority upheld the CoC's decision on distribution of amounts under a Resolution Plan, rejecting the minority Appellant's objection. The Authority emphasized the commercial wisdom of the CoC in making distribution decisions, citing a Supreme Court judgment supporting CoC's discretion. The dissenting creditor's demand for a different distribution based on security interest value was deemed untenable. The Authority dismissed the Appellant's application, affirming the CoC's decision as valid commercial wisdom protected by law. The appeal was ultimately dismissed in line with established legal principles and the CoC's autonomy. en-us Wed, 20 Jul 2022 00:00:00 +0530 Thu, 15 Dec 2022 09:28:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305607 The Adjudicating Authority upheld the CoC's decision on distribution of amounts under a Resolution Plan, rejecting the minority Appellant's objection. The Authority emphasized the commercial wisdom of the CoC in making distribution decisions, citing a Supreme Court judgment supporting CoC's discretion. The dissenting creditor's demand for a different distribution based on security interest value was deemed untenable. The Authority dismissed the Appellant's application, affirming the CoC's decision as valid commercial wisdom protected by law. The appeal was ultimately dismissed in line with established legal principles and the CoC's autonomy. Case-Laws Insolvency and Bankruptcy Wed, 20 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305607