https://www.taxtmi.com/caselaws?id=352293 The Tribunal approved the resolution plan submitted by the Resolution Professional, emphasizing the revival of the Corporate Debtor over liquidation. Despite objections from dissenting creditors, the plan was deemed compliant with the Insolvency and Bankruptcy Code. The Tribunal lifted the moratorium, directing the Corporate Debtor to reinstate employees and pay operational creditors as per the approved plan. The decision underscored the importance of resolving insolvency and compliance with regulatory guidelines, binding all stakeholders to the approved resolution plan. en-us Mon, 27 Nov 2017 00:00:00 +0530 Wed, 03 Jan 2018 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352293 The Tribunal approved the resolution plan submitted by the Resolution Professional, emphasizing the revival of the Corporate Debtor over liquidation. Despite objections from dissenting creditors, the plan was deemed compliant with the Insolvency and Bankruptcy Code. The Tribunal lifted the moratorium, directing the Corporate Debtor to reinstate employees and pay operational creditors as per the approved plan. The decision underscored the importance of resolving insolvency and compliance with regulatory guidelines, binding all stakeholders to the approved resolution plan. Case-Laws Insolvency and Bankruptcy Mon, 27 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352293