https://www.taxtmi.com/highlights?id=47750 Validity of Resolution Plan - closure of CD - Resolution Plan is against the object of the Code and the application u/s 10 was filed with intent of closure of the Corporate Debtor for a purpose other than for the resolution of insolvency, or liquidation is against the scope and intent of the ‘I&B Code’ is in violation of Section 30(2)(e) - part of the approved Plan relates to closure of the CD is is set aside and rest part is approved en-us Sat, 06 Jul 2019 07:59:47 +0530 Sat, 06 Jul 2019 07:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47750 Validity of Resolution Plan - closure of CD - Resolution Plan is against the object of the Code and the application u/s 10 was filed with intent of closure of the Corporate Debtor for a purpose other than for the resolution of insolvency, or liquidation is against the scope and intent of the ‘I&B Code’ is in violation of Section 30(2)(e) - part of the approved Plan relates to closure of the CD is is set aside and rest part is approved Highlights Insolvency and Bankruptcy Sat, 06 Jul 2019 07:59:47 +0530 https://www.taxtmi.com/highlights?id=47750