https://www.taxtmi.com/caselaws?id=388437 The Tribunal rejected the application for liquidation (MA 626 of 2019) and approved the resolution plan submitted by Taguda Pte. Ltd. (MA 762/2019). The RP was directed to hand over all records and premises to the Resolution Applicant for plan implementation. The decision emphasized the Tribunal's supervisory role to ensure CoC decisions align with IBC objectives and sound commercial judgment, with Taguda's plan deemed more beneficial for stakeholders. en-us Thu, 07 Nov 2019 00:00:00 +0530 Fri, 13 Dec 2019 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388437 The Tribunal rejected the application for liquidation (MA 626 of 2019) and approved the resolution plan submitted by Taguda Pte. Ltd. (MA 762/2019). The RP was directed to hand over all records and premises to the Resolution Applicant for plan implementation. The decision emphasized the Tribunal's supervisory role to ensure CoC decisions align with IBC objectives and sound commercial judgment, with Taguda's plan deemed more beneficial for stakeholders. Case-Laws Insolvency and Bankruptcy Thu, 07 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388437