https://www.taxtmi.com/caselaws?id=441501 The Adjudicating Authority approved the Resolution Plan after the Committee of Creditors endorsed it with a 100% vote share. The Tribunal upheld the approval, emphasizing the Committee's discretion in payment distribution and minimal judicial review scope. Despite objections regarding decreased payments to Operational Creditors, the Tribunal found the revised plan compliant with regulations and maximizing value under the Insolvency and Bankruptcy Code. The Appeal challenging the approval was dismissed, affirming the Resolution Plan's adequacy and legality. en-us Fri, 28 Jul 2023 00:00:00 +0530 Thu, 10 Aug 2023 07:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441501 The Adjudicating Authority approved the Resolution Plan after the Committee of Creditors endorsed it with a 100% vote share. The Tribunal upheld the approval, emphasizing the Committee's discretion in payment distribution and minimal judicial review scope. Despite objections regarding decreased payments to Operational Creditors, the Tribunal found the revised plan compliant with regulations and maximizing value under the Insolvency and Bankruptcy Code. The Appeal challenging the approval was dismissed, affirming the Resolution Plan's adequacy and legality. Case-Laws Insolvency and Bankruptcy Fri, 28 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441501