https://www.taxtmi.com/caselaws?id=444897 The Tribunal directed the Resolution Professional to convene a Committee of Creditors (CoC) meeting for revoting on a Corporate Insolvency Resolution Process (CIRP) plan, as per Regulation 39 of CIRP Regulation, 2016. The revoting resulted in a 99.84% approval of the Resolution Plan. Consequently, the Tribunal permitted the Resolution Professional to apply for plan approval before the Adjudicating Authority within three weeks. The appeal was disposed of, with no further decisions needed following these developments. en-us Thu, 19 Oct 2023 00:00:00 +0530 Fri, 27 Oct 2023 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444897 The Tribunal directed the Resolution Professional to convene a Committee of Creditors (CoC) meeting for revoting on a Corporate Insolvency Resolution Process (CIRP) plan, as per Regulation 39 of CIRP Regulation, 2016. The revoting resulted in a 99.84% approval of the Resolution Plan. Consequently, the Tribunal permitted the Resolution Professional to apply for plan approval before the Adjudicating Authority within three weeks. The appeal was disposed of, with no further decisions needed following these developments. Case-Laws Insolvency and Bankruptcy Thu, 19 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444897