https://www.taxtmi.com/caselaws?id=433198 The Tribunal dismissed the appeal challenging the approval of the resolution plan under the Insolvency and Bankruptcy Code, 2016. It found the Successful Resolution Applicant (SRA) eligible despite connections with the Corporate Debtor. The inclusion of the Operational Creditors' representative in the Committee of Creditors was deemed unnecessary for the plan's validity. No penal actions against the Resolution Professional were warranted, and the appeal was disposed of without costs. en-us Fri, 20 Jan 2023 00:00:00 +0530 Tue, 24 Jan 2023 10:11:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433198 The Tribunal dismissed the appeal challenging the approval of the resolution plan under the Insolvency and Bankruptcy Code, 2016. It found the Successful Resolution Applicant (SRA) eligible despite connections with the Corporate Debtor. The inclusion of the Operational Creditors' representative in the Committee of Creditors was deemed unnecessary for the plan's validity. No penal actions against the Resolution Professional were warranted, and the appeal was disposed of without costs. Case-Laws Insolvency and Bankruptcy Fri, 20 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433198