https://www.taxtmi.com/caselaws?id=442311 The Tribunal upheld the Adjudicating Authority's approval of the resolution plan submitted by Respondent No.3, dismissing the appeals challenging the decision. The Tribunal emphasized the importance of the Committee of Creditors' commercial wisdom in approving the plan, stating that procedural irregularities did not significantly impact the resolution process. The Adjudicating Authority's decision was deemed valid under the Insolvency and Bankruptcy Code, as the resolution plan met the necessary requirements. en-us Thu, 03 Aug 2023 00:00:00 +0530 Tue, 29 Aug 2023 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442311 The Tribunal upheld the Adjudicating Authority's approval of the resolution plan submitted by Respondent No.3, dismissing the appeals challenging the decision. The Tribunal emphasized the importance of the Committee of Creditors' commercial wisdom in approving the plan, stating that procedural irregularities did not significantly impact the resolution process. The Adjudicating Authority's decision was deemed valid under the Insolvency and Bankruptcy Code, as the resolution plan met the necessary requirements. Case-Laws Insolvency and Bankruptcy Thu, 03 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442311