Court Upholds Committee of Creditors' Decision, Emphasizes Respect for Their Commercial Judgment in Insolvency Cases.

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Full Text of the Document

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....Approval of Resolution plan - There is no error in the consideration of the CoC of the Resolution Plan and the commercial wisdom of the CoC by approving the Resolution Plan has to be given due weightage. - The Adjudicating Authority committed error in rejecting the Application for approval of the Resolution Plan....