https://www.taxtmi.com/caselaws?id=275350 The Tribunal approved Vedanta Limited's resolution plan for Electro Steels Limited, finding it compliant with the Insolvency and Bankruptcy Code and Regulations. RSIPL's objections regarding Vedanta's eligibility were dismissed, as were SRG Earth Resources Pvt. Ltd.'s claims. The resolution plan, approved by the Committee of Creditors with a 100% vote share, became binding on all stakeholders. The moratorium order was lifted, and the Resolution Professional was instructed to transfer all records to the Insolvency and Bankruptcy Board of India. Other related applications were dismissed or disposed of accordingly. en-us Tue, 17 Apr 2018 00:00:00 +0530 Fri, 28 Sep 2018 07:31:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275350 The Tribunal approved Vedanta Limited's resolution plan for Electro Steels Limited, finding it compliant with the Insolvency and Bankruptcy Code and Regulations. RSIPL's objections regarding Vedanta's eligibility were dismissed, as were SRG Earth Resources Pvt. Ltd.'s claims. The resolution plan, approved by the Committee of Creditors with a 100% vote share, became binding on all stakeholders. The moratorium order was lifted, and the Resolution Professional was instructed to transfer all records to the Insolvency and Bankruptcy Board of India. Other related applications were dismissed or disposed of accordingly. Case-Laws Companies Law Tue, 17 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275350