https://www.taxtmi.com/caselaws?id=310873 The court addressed the approval of a Resolution Plan, where the Resolution Professional indicated a substantial debt haircut of approximately 94.25%. Concerns arose over the accuracy of the asset valuation, as the Resolution Plan Applicant's bids closely aligned with the projected fair value. The Bench ordered a revaluation of the company's assets by experts, under the Official Liquidator's supervision, to ensure accurate valuation. The Official Liquidator was instructed to deliver precise valuation details within three weeks, while the Resolution Professional was to present existing valuation reports before the next hearing on 05.10.2021. en-us Wed, 01 Sep 2021 00:00:00 +0530 Wed, 22 Nov 2023 21:26:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310873 The court addressed the approval of a Resolution Plan, where the Resolution Professional indicated a substantial debt haircut of approximately 94.25%. Concerns arose over the accuracy of the asset valuation, as the Resolution Plan Applicant's bids closely aligned with the projected fair value. The Bench ordered a revaluation of the company's assets by experts, under the Official Liquidator's supervision, to ensure accurate valuation. The Official Liquidator was instructed to deliver precise valuation details within three weeks, while the Resolution Professional was to present existing valuation reports before the next hearing on 05.10.2021. Case-Laws Insolvency and Bankruptcy Wed, 01 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310873