https://www.taxtmi.com/caselaws?id=444012 The Tribunal dismissed all appeals, upholding the approval of the resolution plan by the Committee of Creditors (CoC) and the Adjudicating Authority. It found no material irregularity in rejecting the resolution plan of one party and approving another's plan, stating that the CoC's commercial wisdom in choosing the plan was not justiciable. Additionally, claims rejected by two entities were deemed belated and correctly dismissed by the Resolution Professional (RP) in compliance with regulations. The Tribunal concluded that the resolution plan adequately addressed government dues and complied with applicable laws. en-us Thu, 14 Sep 2023 00:00:00 +0530 Sat, 07 Oct 2023 08:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444012 The Tribunal dismissed all appeals, upholding the approval of the resolution plan by the Committee of Creditors (CoC) and the Adjudicating Authority. It found no material irregularity in rejecting the resolution plan of one party and approving another's plan, stating that the CoC's commercial wisdom in choosing the plan was not justiciable. Additionally, claims rejected by two entities were deemed belated and correctly dismissed by the Resolution Professional (RP) in compliance with regulations. The Tribunal concluded that the resolution plan adequately addressed government dues and complied with applicable laws. Case-Laws Insolvency and Bankruptcy Thu, 14 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444012