https://www.taxtmi.com/caselaws?id=434790 The appeals were allowed, and the order dated 02.02.2023 was set aside. The Committee of Creditors (CoC) was empowered to negotiate further with the Resolution Applicants and conduct an extended Challenge Mechanism. The CoC retained the right to maximize value by engaging in negotiations and holding a Revised Challenge Mechanism. An exclusion period of 30 days was permitted for this process. en-us Thu, 02 Mar 2023 00:00:00 +0530 Sat, 04 Mar 2023 07:27:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434790 The appeals were allowed, and the order dated 02.02.2023 was set aside. The Committee of Creditors (CoC) was empowered to negotiate further with the Resolution Applicants and conduct an extended Challenge Mechanism. The CoC retained the right to maximize value by engaging in negotiations and holding a Revised Challenge Mechanism. An exclusion period of 30 days was permitted for this process. Case-Laws Insolvency and Bankruptcy Thu, 02 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434790