https://www.taxtmi.com/caselaws?id=752417 Where a resolution plan is remitted for fresh consideration because it did not meet Section 30(2) and CIRP Regulations requirements, the appellate forum may decline to interfere with the remand order and leave pending grievance applications to be decided first. Here, the tribunal noted that the challenge had become premature because the plan had to be resubmitted and the related claim applications were still pending before the Adjudicating Authority. It therefore directed expeditious disposal of those applications and required the revised plan to be placed before the Committee of Creditors only after that adjudication. en-us Wed, 08 May 2024 00:00:00 +0530 Fri, 10 May 2024 08:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752417 Where a resolution plan is remitted for fresh consideration because it did not meet Section 30(2) and CIRP Regulations requirements, the appellate forum may decline to interfere with the remand order and leave pending grievance applications to be decided first. Here, the tribunal noted that the challenge had become premature because the plan had to be resubmitted and the related claim applications were still pending before the Adjudicating Authority. It therefore directed expeditious disposal of those applications and required the revised plan to be placed before the Committee of Creditors only after that adjudication. Case-Laws Insolvency and Bankruptcy Wed, 08 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752417