https://www.taxtmi.com/caselaws?id=374340 The Tribunal found CA (IB) No. 1092/KB/2018 not maintainable as the distribution methodology for payments to financial creditors was previously consented to by IFCI. The methodology, approved by a significant majority of the Committee of Creditors, was deemed non-discriminatory. The resolution plan of Bhagwati Power and Steel Limited was approved, the moratorium order ceased, and all records were directed to be forwarded to the Insolvency and Bankruptcy Board of India. The Tribunal appreciated the Resolution Professional's work and dismissed CA (IB) No. 1092/KB/2018 with no costs awarded. en-us Fri, 07 Dec 2018 00:00:00 +0530 Thu, 31 Jan 2019 07:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374340 The Tribunal found CA (IB) No. 1092/KB/2018 not maintainable as the distribution methodology for payments to financial creditors was previously consented to by IFCI. The methodology, approved by a significant majority of the Committee of Creditors, was deemed non-discriminatory. The resolution plan of Bhagwati Power and Steel Limited was approved, the moratorium order ceased, and all records were directed to be forwarded to the Insolvency and Bankruptcy Board of India. The Tribunal appreciated the Resolution Professional's work and dismissed CA (IB) No. 1092/KB/2018 with no costs awarded. Case-Laws Insolvency and Bankruptcy Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374340