https://www.taxtmi.com/caselaws?id=448940 NCLAT dismissed appeal challenging resolution plan approval. Appellant contested non-allocation of marks for equity allotment to financial creditors and alleged mis-calculation of successful bidder's NPV. NCLAT held appellant's equity offer of Rs.200 crores failed to meet minimum Rs.250 crores threshold per evaluation matrix, and CoC never accepted equity allotment option. Regarding NPV calculation, tribunal ruled CoC's commercial wisdom in evaluating resolution plans is paramount and cannot be challenged by other applicants absent Section 30(2) violations. Adjudicating Authority's approval of resolution plan upheld. en-us Fri, 05 Jan 2024 00:00:00 +0530 Thu, 01 Feb 2024 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448940 NCLAT dismissed appeal challenging resolution plan approval. Appellant contested non-allocation of marks for equity allotment to financial creditors and alleged mis-calculation of successful bidder's NPV. NCLAT held appellant's equity offer of Rs.200 crores failed to meet minimum Rs.250 crores threshold per evaluation matrix, and CoC never accepted equity allotment option. Regarding NPV calculation, tribunal ruled CoC's commercial wisdom in evaluating resolution plans is paramount and cannot be challenged by other applicants absent Section 30(2) violations. Adjudicating Authority's approval of resolution plan upheld. Case-Laws Insolvency and Bankruptcy Fri, 05 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448940