https://www.taxtmi.com/caselaws?id=433926 The tribunal dismissed the appeal and upheld the Adjudicating Authority's decision to remit the Resolution Plan back to the Committee of Creditors for reconsideration of the clause on personal guarantees. The tribunal emphasized the need for the Committee to expedite its decision-making process and submit any modified plan within specified timeframes. The judgment highlights the importance of compliance with legal requirements in Resolution Plans and the limited scope of judicial review in such cases. en-us Thu, 09 Feb 2023 00:00:00 +0530 Tue, 14 Feb 2023 08:48:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433926 The tribunal dismissed the appeal and upheld the Adjudicating Authority's decision to remit the Resolution Plan back to the Committee of Creditors for reconsideration of the clause on personal guarantees. The tribunal emphasized the need for the Committee to expedite its decision-making process and submit any modified plan within specified timeframes. The judgment highlights the importance of compliance with legal requirements in Resolution Plans and the limited scope of judicial review in such cases. Case-Laws Insolvency and Bankruptcy Thu, 09 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433926