https://www.taxtmi.com/caselaws?id=441819 The Tribunal dismissed the appeal filed by a dissenting Financial Creditor challenging the approval of the Resolution Plan by the Adjudicating Authority. The Tribunal found that the plan did not discriminate against dissenting Financial Creditors and was in compliance with the provisions of the Insolvency and Bankruptcy Code and Regulations. The Tribunal upheld the Authority's decision, stating that differential payment to different classes of creditors is permissible, and the commercial wisdom of the Committee of Creditors should not be interfered with. en-us Mon, 14 Aug 2023 00:00:00 +0530 Fri, 18 Aug 2023 08:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441819 The Tribunal dismissed the appeal filed by a dissenting Financial Creditor challenging the approval of the Resolution Plan by the Adjudicating Authority. The Tribunal found that the plan did not discriminate against dissenting Financial Creditors and was in compliance with the provisions of the Insolvency and Bankruptcy Code and Regulations. The Tribunal upheld the Authority's decision, stating that differential payment to different classes of creditors is permissible, and the commercial wisdom of the Committee of Creditors should not be interfered with. Case-Laws Insolvency and Bankruptcy Mon, 14 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441819