https://www.taxtmi.com/caselaws?id=461576 The SC upheld the substitution of the Successful Resolution Applicant (SRA) in place of the Administrator for prosecuting avoidance applications under the Insolvency and Bankruptcy Code. The court found the substitution permissible based on the Resolution Plan's terms and precedent, rejecting the Appellant's arguments about timing and procedural irregularities. The judgment affirmed flexibility in filing avoidance applications and the SRA's authority to pursue such claims post-Resolution Plan approval. en-us Thu, 20 Jul 2023 00:00:00 +0530 Mon, 14 Apr 2025 19:03:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461576 The SC upheld the substitution of the Successful Resolution Applicant (SRA) in place of the Administrator for prosecuting avoidance applications under the Insolvency and Bankruptcy Code. The court found the substitution permissible based on the Resolution Plan's terms and precedent, rejecting the Appellant's arguments about timing and procedural irregularities. The judgment affirmed flexibility in filing avoidance applications and the SRA's authority to pursue such claims post-Resolution Plan approval. Case-Laws IBC Thu, 20 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461576