Court Upholds Resolution Plan Allocating 0.13% to Government Dues, 44.5% to Financial Creditors, Dismisses Revenue Appeal. https://www.taxtmi.com/highlights?id=71303 Approval of the Resolution Plan challenged - challenged on the ground that as per the Resolution Plan, only 0.13% has been earmarked towards Government dues, and the Financial Creditor is getting 44.5% of the Claim amounts and the other Operational Creditors are getting 0.51% of their Claim amounts, which is stated to be unfair. - Revenue appeal dismissed - AT en-us Fri, 04 Aug 2023 07:48:46 +0530 Fri, 04 Aug 2023 07:48:46 +0530 TaxTMI RSS Generator Court Upholds Resolution Plan Allocating 0.13% to Government Dues, 44.5% to Financial Creditors, Dismisses Revenue Appeal. https://www.taxtmi.com/highlights?id=71303 Approval of the Resolution Plan challenged - challenged on the ground that as per the Resolution Plan, only 0.13% has been earmarked towards Government dues, and the Financial Creditor is getting 44.5% of the Claim amounts and the other Operational Creditors are getting 0.51% of their Claim amounts, which is stated to be unfair. - Revenue appeal dismissed - AT Highlights Insolvency and Bankruptcy Fri, 04 Aug 2023 07:48:46 +0530 https://www.taxtmi.com/highlights?id=71303