https://www.taxtmi.com/caselaws?id=444070 The appeal was filed against the rejection of an application challenging the approval of a scheme in a liquidation proceeding. The Appellant, claiming to be a Financial Creditor, had their application rejected as their claim had been previously denied in the liquidation proceedings. The Tribunal upheld the rejection, emphasizing that the Adjudicating Authority did not err in rejecting the application. The Appeal was ultimately dismissed due to lack of merit, with the scheme proposing nil payment to the Appellant and being approved by SIDBI as the 100% Financial Creditor. en-us Wed, 04 Oct 2023 00:00:00 +0530 Mon, 09 Oct 2023 08:41:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444070 The appeal was filed against the rejection of an application challenging the approval of a scheme in a liquidation proceeding. The Appellant, claiming to be a Financial Creditor, had their application rejected as their claim had been previously denied in the liquidation proceedings. The Tribunal upheld the rejection, emphasizing that the Adjudicating Authority did not err in rejecting the application. The Appeal was ultimately dismissed due to lack of merit, with the scheme proposing nil payment to the Appellant and being approved by SIDBI as the 100% Financial Creditor. Case-Laws Insolvency and Bankruptcy Wed, 04 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444070