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Adjudicating Authority cannot sit in appeal into commercial wisdom of CoC in approving a resolution plan: NCLAT

July 25, 2020[2020] 117 taxmann.com 462 (NCL-AT)
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IBC : 'Committee of Creditors' having approved plan as submitted by resolution application by 99.68 per cent voting share, Adjudicating Authority or National Company Law Tribunal or this Appellate Tribunal could not sit in appeal on commercial wisdom of 'Committee of Creditors'

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