https://www.taxtmi.com/caselaws?id=309200 The appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016 against the Adjudicating Authority's order regarding the Resolution Plan was dismissed. The Resolution Applicant's request to increase authorized share capital without paying fees or stamp duty was rejected, as the Resolution Plan did not provide for such waivers. The Adjudicating Authority emphasized that business decisions like capital expansion should not automatically entail fee exemptions. The Tribunal upheld this decision, dismissing the appeals, disposing of pending applications, and vacating interim orders without imposing costs. en-us Mon, 09 Aug 2021 00:00:00 +0530 Thu, 17 Aug 2023 07:45:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309200 The appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016 against the Adjudicating Authority's order regarding the Resolution Plan was dismissed. The Resolution Applicant's request to increase authorized share capital without paying fees or stamp duty was rejected, as the Resolution Plan did not provide for such waivers. The Adjudicating Authority emphasized that business decisions like capital expansion should not automatically entail fee exemptions. The Tribunal upheld this decision, dismissing the appeals, disposing of pending applications, and vacating interim orders without imposing costs. Case-Laws Insolvency and Bankruptcy Mon, 09 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309200