https://www.taxtmi.com/caselaws?id=384078 The application under section 9 of the Insolvency & Bankruptcy Code was filed by an Operational Creditor against the Corporate Debtor for default in payment of operational debt, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). The resolution plan, approved by the Committee of Creditors and the Adjudicating Authority, was found to comply with all legal requirements, including provisions of the I&B Code and IBBI regulations. The plan was approved unanimously, making it binding on all stakeholders and reviving the company with immediate effect. en-us Thu, 09 May 2019 00:00:00 +0530 Tue, 06 Aug 2019 07:48:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384078 The application under section 9 of the Insolvency & Bankruptcy Code was filed by an Operational Creditor against the Corporate Debtor for default in payment of operational debt, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). The resolution plan, approved by the Committee of Creditors and the Adjudicating Authority, was found to comply with all legal requirements, including provisions of the I&B Code and IBBI regulations. The plan was approved unanimously, making it binding on all stakeholders and reviving the company with immediate effect. Case-Laws Insolvency and Bankruptcy Thu, 09 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384078