https://www.taxtmi.com/caselaws?id=385942 The Tribunal approved the Resolution Plan submitted by Adani Power Limited for the Corporate Debtor, as it met the legal requirements under the Insolvency and Bankruptcy Code, 2016. Despite objections by a dissenting financial creditor, the Tribunal deemed them not maintainable due to untimeliness and upheld the commercial wisdom of the Committee of Creditors. Various reliefs and waivers sought were reviewed, with some granted and others requiring further approvals. The Resolution Plan was ordered to come into force immediately, with the Resolution Applicant instructed to obtain necessary approvals within a year. en-us Mon, 24 Jun 2019 00:00:00 +0530 Wed, 18 Sep 2019 08:29:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385942 The Tribunal approved the Resolution Plan submitted by Adani Power Limited for the Corporate Debtor, as it met the legal requirements under the Insolvency and Bankruptcy Code, 2016. Despite objections by a dissenting financial creditor, the Tribunal deemed them not maintainable due to untimeliness and upheld the commercial wisdom of the Committee of Creditors. Various reliefs and waivers sought were reviewed, with some granted and others requiring further approvals. The Resolution Plan was ordered to come into force immediately, with the Resolution Applicant instructed to obtain necessary approvals within a year. Case-Laws Insolvency and Bankruptcy Mon, 24 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385942