https://www.taxtmi.com/caselaws?id=437804 The Tribunal upheld the decision of the Committee of Creditors (CoC) to select a different resolution plan over the one submitted by the Appellant, emphasizing the financial strength and experience of the successful resolution applicant. The approval of a resolution plan was deemed to consider not only the amount offered but also the credibility and track record of the applicant. The Tribunal dismissed the appeal, stating that all issues raised by the Appellant were thoroughly examined and found to lack merit. en-us Thu, 04 May 2023 00:00:00 +0530 Tue, 16 May 2023 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437804 The Tribunal upheld the decision of the Committee of Creditors (CoC) to select a different resolution plan over the one submitted by the Appellant, emphasizing the financial strength and experience of the successful resolution applicant. The approval of a resolution plan was deemed to consider not only the amount offered but also the credibility and track record of the applicant. The Tribunal dismissed the appeal, stating that all issues raised by the Appellant were thoroughly examined and found to lack merit. Case-Laws Insolvency and Bankruptcy Thu, 04 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437804