https://www.taxtmi.com/caselaws?id=377266 The National Company Law Tribunal approved the Resolution Plan by Liberty House Group Pte. Ltd. for M/s. Adhunik Metalliks Ltd. with a high voting percentage. Additional expenses claim by an Operational Creditor was rejected. Disputes arose over upfront payment timelines and plan interpretation. The Tribunal ruled against extending payment deadlines based on CCI approval. It also clarified that dues to Operational Creditors pre-Insolvency Commencement Date cannot be appropriated during the moratorium period. Liberty House Group was granted an additional 30 days for upfront payment, with potential legal consequences for non-compliance. en-us Fri, 15 Mar 2019 00:00:00 +0530 Tue, 26 Mar 2019 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377266 The National Company Law Tribunal approved the Resolution Plan by Liberty House Group Pte. Ltd. for M/s. Adhunik Metalliks Ltd. with a high voting percentage. Additional expenses claim by an Operational Creditor was rejected. Disputes arose over upfront payment timelines and plan interpretation. The Tribunal ruled against extending payment deadlines based on CCI approval. It also clarified that dues to Operational Creditors pre-Insolvency Commencement Date cannot be appropriated during the moratorium period. Liberty House Group was granted an additional 30 days for upfront payment, with potential legal consequences for non-compliance. Case-Laws Insolvency and Bankruptcy Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377266