https://www.taxtmi.com/caselaws?id=442019 The Appellate Tribunal overturned the Adjudicating Authority's decision to reject a Resolution Plan due to the extinguishment of personal guarantees, holding that the plan did not contravene the Insolvency and Bankruptcy Code. The Tribunal emphasized the importance of the Committee of Creditors' commercial wisdom and directed a fresh decision within three months. en-us Mon, 21 Aug 2023 00:00:00 +0530 Wed, 23 Aug 2023 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442019 The Appellate Tribunal overturned the Adjudicating Authority's decision to reject a Resolution Plan due to the extinguishment of personal guarantees, holding that the plan did not contravene the Insolvency and Bankruptcy Code. The Tribunal emphasized the importance of the Committee of Creditors' commercial wisdom and directed a fresh decision within three months. Case-Laws Insolvency and Bankruptcy Mon, 21 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442019