https://www.taxtmi.com/caselaws?id=438527 The Tribunal dismissed the appeals challenging the approval of the Resolution Plan by the Committee of Creditors (CoC). The Tribunal upheld the CoC's commercial wisdom in approving the plan through the Swiss Challenge Method. It found no manipulation of the evaluation process and deemed the distribution of funds among creditors to be in accordance with the law. The Tribunal concluded that the Resolution Plan was valid and already in implementation, dismissing the appeals as lacking merit and without awarding costs. en-us Wed, 31 May 2023 00:00:00 +0530 Fri, 02 Jun 2023 20:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438527 The Tribunal dismissed the appeals challenging the approval of the Resolution Plan by the Committee of Creditors (CoC). The Tribunal upheld the CoC's commercial wisdom in approving the plan through the Swiss Challenge Method. It found no manipulation of the evaluation process and deemed the distribution of funds among creditors to be in accordance with the law. The Tribunal concluded that the Resolution Plan was valid and already in implementation, dismissing the appeals as lacking merit and without awarding costs. Case-Laws Insolvency and Bankruptcy Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438527