https://www.taxtmi.com/caselaws?id=365562 The tribunal approved the resolution plan of Ghanashyam Mishra & Sons Private Limited (GMSPL) as it complied with all legal requirements. The plan garnered over 89.23% of the financial creditors' voting share, ensuring the corporate debtor's management continuity. Claims by Edelweiss Asset Reconstruction Company Limited (EARC) and the District Mining Officer (DMO) of Jharkhand were not admitted due to lack of documentation and matured claims. The tribunal dismissed objections raised by EARC and DMO, deeming them unsustainable under the law. The RP was commended for successfully concluding the Corporate Insolvency Resolution Process (CIRP) and obtaining plan approval. en-us Fri, 22 Jun 2018 00:00:00 +0530 Mon, 20 Aug 2018 07:53:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365562 The tribunal approved the resolution plan of Ghanashyam Mishra & Sons Private Limited (GMSPL) as it complied with all legal requirements. The plan garnered over 89.23% of the financial creditors' voting share, ensuring the corporate debtor's management continuity. Claims by Edelweiss Asset Reconstruction Company Limited (EARC) and the District Mining Officer (DMO) of Jharkhand were not admitted due to lack of documentation and matured claims. The tribunal dismissed objections raised by EARC and DMO, deeming them unsustainable under the law. The RP was commended for successfully concluding the Corporate Insolvency Resolution Process (CIRP) and obtaining plan approval. Case-Laws Insolvency and Bankruptcy Fri, 22 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365562