https://www.taxtmi.com/caselaws?id=309201 The Tribunal quashed the impugned order and rejected the Resolution Plan approved by the Adjudicating Authority, directing the matter to be remitted back for liquidation under Section 33 of the IBC. Additionally, the Tribunal set aside the order allowing Financial Creditors to execute Tripartite Agreements on behalf of the Appellants, emphasizing that personal guarantees should be enforced through separate legal proceedings. en-us Thu, 26 Aug 2021 00:00:00 +0530 Thu, 17 Aug 2023 07:45:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309201 The Tribunal quashed the impugned order and rejected the Resolution Plan approved by the Adjudicating Authority, directing the matter to be remitted back for liquidation under Section 33 of the IBC. Additionally, the Tribunal set aside the order allowing Financial Creditors to execute Tripartite Agreements on behalf of the Appellants, emphasizing that personal guarantees should be enforced through separate legal proceedings. Case-Laws Insolvency and Bankruptcy Thu, 26 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309201