https://www.taxtmi.com/caselaws?id=382075 The Tribunal dismissed the plea for impleadment of the ex-Director in CA No.477/2018 but allowed the objections to be heard. In CA No.339/2018, the Tribunal approved the resolution plan submitted by M/s. Kundan Care Products Ltd., valued at Rs. 45.12 crores, after finding objections raised by the ex-Director unsubstantiated. The resolution plan was deemed compliant with the Insolvency and Bankruptcy Code, and the Tribunal directed the resolution applicant to deposit additional funds for operational creditors and comply with asset-related orders. The moratorium order was lifted, and the Resolution Professional was instructed to transfer records to the Board. en-us Tue, 13 Nov 2018 00:00:00 +0530 Tue, 25 Jun 2019 10:02:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382075 The Tribunal dismissed the plea for impleadment of the ex-Director in CA No.477/2018 but allowed the objections to be heard. In CA No.339/2018, the Tribunal approved the resolution plan submitted by M/s. Kundan Care Products Ltd., valued at Rs. 45.12 crores, after finding objections raised by the ex-Director unsubstantiated. The resolution plan was deemed compliant with the Insolvency and Bankruptcy Code, and the Tribunal directed the resolution applicant to deposit additional funds for operational creditors and comply with asset-related orders. The moratorium order was lifted, and the Resolution Professional was instructed to transfer records to the Board. Case-Laws Insolvency and Bankruptcy Tue, 13 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382075