https://www.taxtmi.com/caselaws?id=379752 The Tribunal approved the Resolution Plan under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, submitted by H. M. Textiles Pvt. Ltd. for Subburaj Spinning Mills Pvt. Ltd. The Plan aimed to settle dues, ensure business continuity, and was approved by the Committee of Creditors with 100% voting. Various objections raised by stakeholders were rejected, and the Plan was found compliant with statutory requirements. The Plan included debt restructuring, fresh funds infusion, and relief measures. The Tribunal granted necessary permissions and waivers, making the Resolution Plan binding on all parties involved, effective immediately. en-us Tue, 12 Mar 2019 00:00:00 +0530 Tue, 07 May 2019 09:14:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379752 The Tribunal approved the Resolution Plan under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, submitted by H. M. Textiles Pvt. Ltd. for Subburaj Spinning Mills Pvt. Ltd. The Plan aimed to settle dues, ensure business continuity, and was approved by the Committee of Creditors with 100% voting. Various objections raised by stakeholders were rejected, and the Plan was found compliant with statutory requirements. The Plan included debt restructuring, fresh funds infusion, and relief measures. The Tribunal granted necessary permissions and waivers, making the Resolution Plan binding on all parties involved, effective immediately. Case-Laws Insolvency and Bankruptcy Tue, 12 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379752