https://www.taxtmi.com/caselaws?id=366401 A resolution plan that complied with section 30(2) of the Insolvency and Bankruptcy Code and received 100% approval of the committee of creditors was approvable under section 31(1) and became binding on the corporate debtor and stakeholders. Objections based on rejection of workmen's claims and alleged non-implementation of pay revision arrears did not justify refusal of approval, because the claims were either not filed in the prescribed statutory form or were unsupported on the record. Section 14 of the Code was also held to bar proceedings against the corporate debtor, not a civil suit instituted by it against an operational creditor, so the suit was maintainable. en-us Tue, 06 Mar 2018 00:00:00 +0530 Tue, 04 Sep 2018 07:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366401 A resolution plan that complied with section 30(2) of the Insolvency and Bankruptcy Code and received 100% approval of the committee of creditors was approvable under section 31(1) and became binding on the corporate debtor and stakeholders. Objections based on rejection of workmen's claims and alleged non-implementation of pay revision arrears did not justify refusal of approval, because the claims were either not filed in the prescribed statutory form or were unsupported on the record. Section 14 of the Code was also held to bar proceedings against the corporate debtor, not a civil suit instituted by it against an operational creditor, so the suit was maintainable. Case-Laws Insolvency and Bankruptcy Tue, 06 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366401