https://www.taxtmi.com/caselaws?id=308079 The Tribunal upheld the rejection of the resolution plan by the Committee of Creditors (CoC) as the applicant was deemed ineligible under Section 29A of the Insolvency and Bankruptcy Code (IBC). The classification of the applicant as a wilful defaulter by Union Bank of India was found to be in accordance with regulatory guidelines. Consequently, the application was dismissed. en-us Thu, 20 Jan 2022 00:00:00 +0530 Tue, 30 May 2023 09:01:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308079 The Tribunal upheld the rejection of the resolution plan by the Committee of Creditors (CoC) as the applicant was deemed ineligible under Section 29A of the Insolvency and Bankruptcy Code (IBC). The classification of the applicant as a wilful defaulter by Union Bank of India was found to be in accordance with regulatory guidelines. Consequently, the application was dismissed. Case-Laws Insolvency and Bankruptcy Thu, 20 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308079