https://www.taxtmi.com/caselaws?id=283373 The Tribunal approved the Resolution Plan under Section 31(1) of the Insolvency and Bankruptcy Code, 2016, making it binding on the Corporate Debtor and stakeholders. The Plan included settlement provisions for various creditors, a capital reduction for equity shareholders, and governance restructuring. The Resolution Professional certified compliance with regulations. The Tribunal granted permission for capital reduction, required amendments to the Memorandum and Articles of Association, and instructed timely approvals. The moratorium ceased, records were to be sent to IBBI, and the Plan was effective immediately upon the Order, distributed to relevant parties. en-us Fri, 01 Feb 2019 00:00:00 +0530 Fri, 20 Sep 2019 12:47:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283373 The Tribunal approved the Resolution Plan under Section 31(1) of the Insolvency and Bankruptcy Code, 2016, making it binding on the Corporate Debtor and stakeholders. The Plan included settlement provisions for various creditors, a capital reduction for equity shareholders, and governance restructuring. The Resolution Professional certified compliance with regulations. The Tribunal granted permission for capital reduction, required amendments to the Memorandum and Articles of Association, and instructed timely approvals. The moratorium ceased, records were to be sent to IBBI, and the Plan was effective immediately upon the Order, distributed to relevant parties. Case-Laws Insolvency and Bankruptcy Fri, 01 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283373