https://www.taxtmi.com/caselaws?id=360992 The Tribunal approved the resolution plan submitted by TATA Steel Limited with a 99.80% affirmative voting share by the Committee of Creditors. Larsen & Toubro Limited's claim as a secured creditor was rejected, and they were directed to pay a cost of Rs. 1 lakh. Objections raised by Bhushan Employees were dismissed, with a cost of Rs. 1 lakh imposed on Mr. Rahul Sengupta personally. The Tribunal directed the Ex-Management to cooperate with the Resolution Professional and rejected objections by Bhushan Energy Limited regarding power purchase agreements. All other applications were disposed of accordingly. en-us Tue, 15 May 2018 00:00:00 +0530 Sat, 26 May 2018 09:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360992 The Tribunal approved the resolution plan submitted by TATA Steel Limited with a 99.80% affirmative voting share by the Committee of Creditors. Larsen & Toubro Limited's claim as a secured creditor was rejected, and they were directed to pay a cost of Rs. 1 lakh. Objections raised by Bhushan Employees were dismissed, with a cost of Rs. 1 lakh imposed on Mr. Rahul Sengupta personally. The Tribunal directed the Ex-Management to cooperate with the Resolution Professional and rejected objections by Bhushan Energy Limited regarding power purchase agreements. All other applications were disposed of accordingly. Case-Laws Insolvency and Bankruptcy Tue, 15 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360992