https://www.taxtmi.com/caselaws?id=352067 The Resolution Plan presented by the Corporate Debtor's CEO was approved without modifications by the Committee of Creditors, led by Punjab National Bank, under Section 30(4) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process was recommended for closure, with the Resolution Plan certified by the Resolution Professional and Punjab National Bank. The financial and operational status of the Corporate Debtor was deemed stable, with settlements reached with operational creditors and certification of the Corporate Debtor's account as a standard asset by Punjab National Bank. en-us Tue, 17 Oct 2017 00:00:00 +0530 Wed, 03 Jan 2018 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352067 The Resolution Plan presented by the Corporate Debtor's CEO was approved without modifications by the Committee of Creditors, led by Punjab National Bank, under Section 30(4) of the Insolvency and Bankruptcy Code, 2016. The Corporate Insolvency Resolution Process was recommended for closure, with the Resolution Plan certified by the Resolution Professional and Punjab National Bank. The financial and operational status of the Corporate Debtor was deemed stable, with settlements reached with operational creditors and certification of the Corporate Debtor's account as a standard asset by Punjab National Bank. Case-Laws Insolvency and Bankruptcy Tue, 17 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352067