Adjudicating Authority Must Accept CoC-Approved Resolution Plan with 66% Vote; Binding on Debtor and Stakeholders. https://www.taxtmi.com/highlights?id=47087 The approval of a Resolution Plan by the CoC is to be accepted in toto by the Adjudicating authority if a 66% voting share approves the said plan - The Resolution Plan is binding on the Corporate Debtor and other stakeholders involved - Revival of the Debtor company ordered. en-us Mon, 10 Jun 2019 06:11:11 +0530 Mon, 10 Jun 2019 06:11:11 +0530 TaxTMI RSS Generator Adjudicating Authority Must Accept CoC-Approved Resolution Plan with 66% Vote; Binding on Debtor and Stakeholders. https://www.taxtmi.com/highlights?id=47087 The approval of a Resolution Plan by the CoC is to be accepted in toto by the Adjudicating authority if a 66% voting share approves the said plan - The Resolution Plan is binding on the Corporate Debtor and other stakeholders involved - Revival of the Debtor company ordered. Highlights Insolvency and Bankruptcy Mon, 10 Jun 2019 06:11:11 +0530 https://www.taxtmi.com/highlights?id=47087