https://www.taxtmi.com/caselaws?id=431708 The Tribunal directed the Resolution Professional to provide the resolution plans to the suspended management, following legal principles outlined by the Supreme Court. A fresh Committee of Creditors (CoC) meeting was mandated for reconsideration, ensuring the participation of the suspended management in decision-making. Confidentiality undertakings were required, and any further objections were to be addressed. Time spent on these proceedings was excluded from the resolution process timeline, with a two-week deadline for plan provision and CoC reconvening. A follow-up hearing was scheduled for monitoring compliance with the directives. en-us Fri, 01 Jul 2022 00:00:00 +0530 Mon, 19 Dec 2022 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431708 The Tribunal directed the Resolution Professional to provide the resolution plans to the suspended management, following legal principles outlined by the Supreme Court. A fresh Committee of Creditors (CoC) meeting was mandated for reconsideration, ensuring the participation of the suspended management in decision-making. Confidentiality undertakings were required, and any further objections were to be addressed. Time spent on these proceedings was excluded from the resolution process timeline, with a two-week deadline for plan provision and CoC reconvening. A follow-up hearing was scheduled for monitoring compliance with the directives. Case-Laws Insolvency and Bankruptcy Fri, 01 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431708