https://www.taxtmi.com/caselaws?id=436387 The Tribunal upheld the impugned order, finding the Resolution Plan compliant with the I & B Code, 2016. It emphasized that operational creditors were treated fairly, rejecting the Appellant's arguments regarding non-payment of electricity dues. The Tribunal also ruled that the CoC's approval of the Plan was valid and not subject to judicial review. Additionally, it clarified that the Appellant was not entitled to notice under Section 24(3) of the Code. The Tribunal dismissed the Appellant's contentions on the applicability of electricity laws, affirming the Code's precedence. The appeal was disposed of, with the Respondent directed to pay the security deposit to the Appellant. en-us Mon, 10 Apr 2023 00:00:00 +0530 Tue, 11 Apr 2023 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436387 The Tribunal upheld the impugned order, finding the Resolution Plan compliant with the I & B Code, 2016. It emphasized that operational creditors were treated fairly, rejecting the Appellant's arguments regarding non-payment of electricity dues. The Tribunal also ruled that the CoC's approval of the Plan was valid and not subject to judicial review. Additionally, it clarified that the Appellant was not entitled to notice under Section 24(3) of the Code. The Tribunal dismissed the Appellant's contentions on the applicability of electricity laws, affirming the Code's precedence. The appeal was disposed of, with the Respondent directed to pay the security deposit to the Appellant. Case-Laws Insolvency and Bankruptcy Mon, 10 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436387