https://www.taxtmi.com/caselaws?id=434519 The Tribunal dismissed the appeals challenging the dismissal of IA446/2021 seeking directions for a revised Resolution Plan and the decision to allow liquidation of the Corporate Debtor. The CoC rejected the appellant's Resolution Plan despite multiple revisions. The Adjudicating Authority's actions were upheld, emphasizing adherence to the time-bound IBC process. The Tribunal highlighted the importance of efficiency and upheld the decision for liquidation, closing any pending Interlocutory Applications. en-us Thu, 23 Feb 2023 00:00:00 +0530 Fri, 24 Feb 2023 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434519 The Tribunal dismissed the appeals challenging the dismissal of IA446/2021 seeking directions for a revised Resolution Plan and the decision to allow liquidation of the Corporate Debtor. The CoC rejected the appellant's Resolution Plan despite multiple revisions. The Adjudicating Authority's actions were upheld, emphasizing adherence to the time-bound IBC process. The Tribunal highlighted the importance of efficiency and upheld the decision for liquidation, closing any pending Interlocutory Applications. Case-Laws Insolvency and Bankruptcy Thu, 23 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434519