https://www.taxtmi.com/caselaws?id=311684 The Appellate Tribunal dismissed the appeal concerning the rejection of an Intervention Application in a Corporate Insolvency Resolution Process. The Appellant argued that approval from the Competition Commission of India under Section 31(4) proviso of the I&B Code was required before approving the resolution plan. The Adjudicating Authority held that such approval could be obtained during the pendency of the application and rejected the Intervention Application, citing lack of locus standi for the Appellant. The Tribunal found no grounds to entertain the appeal, as related issues were already under consideration, and disposed of it. en-us Thu, 23 Feb 2023 00:00:00 +0530 Mon, 08 Jan 2024 20:47:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311684 The Appellate Tribunal dismissed the appeal concerning the rejection of an Intervention Application in a Corporate Insolvency Resolution Process. The Appellant argued that approval from the Competition Commission of India under Section 31(4) proviso of the I&B Code was required before approving the resolution plan. The Adjudicating Authority held that such approval could be obtained during the pendency of the application and rejected the Intervention Application, citing lack of locus standi for the Appellant. The Tribunal found no grounds to entertain the appeal, as related issues were already under consideration, and disposed of it. Case-Laws Insolvency and Bankruptcy Thu, 23 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311684