https://www.taxtmi.com/caselaws?id=374588 The Final Resolution Plan submitted by SREI Multiple Asset Investment Trust (Vision India Fund) was approved by the Adjudicating Authority. The plan received 92.74% of the Committee of Creditors' votes in favor. Allegations against the Resolution Professional (RP) regarding statutory duties and preferential treatment to certain creditors were countered and found unsubstantiated. The RP's compliance with Section 29A(c) of the Insolvency and Bankruptcy Code, 2016 was clarified. The Adjudicating Authority confirmed the plan's compliance with legal requirements, ceased the moratorium, and directed all parties to cooperate in implementing the plan, ultimately disposing of the proceedings. en-us Fri, 07 Dec 2018 00:00:00 +0530 Tue, 05 Feb 2019 06:13:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374588 The Final Resolution Plan submitted by SREI Multiple Asset Investment Trust (Vision India Fund) was approved by the Adjudicating Authority. The plan received 92.74% of the Committee of Creditors' votes in favor. Allegations against the Resolution Professional (RP) regarding statutory duties and preferential treatment to certain creditors were countered and found unsubstantiated. The RP's compliance with Section 29A(c) of the Insolvency and Bankruptcy Code, 2016 was clarified. The Adjudicating Authority confirmed the plan's compliance with legal requirements, ceased the moratorium, and directed all parties to cooperate in implementing the plan, ultimately disposing of the proceedings. Case-Laws Insolvency and Bankruptcy Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374588