https://www.taxtmi.com/caselaws?id=433249 The Tribunal upheld the Resolution Plan dated 07.01.2019, finding it compliant with the I&B Code, 2016. Emphasizing the commercial wisdom of the CoC, the Tribunal dismissed the appeal challenging the Plan's approval, noting full settlement of liabilities and NIL liquidation value for Operational Creditors. The Tribunal held that the Adjudicating Authority's role does not extend to second-guessing the CoC's commercial decisions, ultimately affirming the Resolution Plan's validity. en-us Mon, 23 Jan 2023 00:00:00 +0530 Tue, 24 Jan 2023 20:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433249 The Tribunal upheld the Resolution Plan dated 07.01.2019, finding it compliant with the I&B Code, 2016. Emphasizing the commercial wisdom of the CoC, the Tribunal dismissed the appeal challenging the Plan's approval, noting full settlement of liabilities and NIL liquidation value for Operational Creditors. The Tribunal held that the Adjudicating Authority's role does not extend to second-guessing the CoC's commercial decisions, ultimately affirming the Resolution Plan's validity. Case-Laws Insolvency and Bankruptcy Mon, 23 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433249