https://www.taxtmi.com/caselaws?id=443198 The Tribunal held that the requirement of obtaining Competition Commission of India (CCI) approval before Committee of Creditors (CoC) approval under Section 31(4) of the Insolvency and Bankruptcy Code is directory, not mandatory. The Tribunal dismissed all appeals challenging the Adjudicating Authority's order and directed the Authority to proceed with considering the Resolution Plan approval application. The decision focused on the interpretation of the Code provision, without addressing other issues raised by the parties. en-us Mon, 18 Sep 2023 00:00:00 +0530 Mon, 18 Sep 2023 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443198 The Tribunal held that the requirement of obtaining Competition Commission of India (CCI) approval before Committee of Creditors (CoC) approval under Section 31(4) of the Insolvency and Bankruptcy Code is directory, not mandatory. The Tribunal dismissed all appeals challenging the Adjudicating Authority's order and directed the Authority to proceed with considering the Resolution Plan approval application. The decision focused on the interpretation of the Code provision, without addressing other issues raised by the parties. Case-Laws Insolvency and Bankruptcy Mon, 18 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443198