https://www.taxtmi.com/caselaws?id=388654 The Tribunal approved the Resolution Plan submitted by M/s. BCH Electric Limited, meeting all requirements of the Insolvency and Bankruptcy Code. The plan was compliant, beneficial to stakeholders, and commercially superior. The Committee of Creditors' decision was upheld, emphasizing non-interference unless against the law or public interest. The Resolution Applicant was deemed eligible, and a Monitoring Agency was appointed for plan implementation. The plan's binding nature on stakeholders was highlighted, with a directive for compliance with laws. The Resolution Professional was instructed to transfer records promptly, and the approved plan took immediate effect, ending the moratorium. en-us Tue, 17 Sep 2019 00:00:00 +0530 Wed, 20 Nov 2019 10:40:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388654 The Tribunal approved the Resolution Plan submitted by M/s. BCH Electric Limited, meeting all requirements of the Insolvency and Bankruptcy Code. The plan was compliant, beneficial to stakeholders, and commercially superior. The Committee of Creditors' decision was upheld, emphasizing non-interference unless against the law or public interest. The Resolution Applicant was deemed eligible, and a Monitoring Agency was appointed for plan implementation. The plan's binding nature on stakeholders was highlighted, with a directive for compliance with laws. The Resolution Professional was instructed to transfer records promptly, and the approved plan took immediate effect, ending the moratorium. Case-Laws Insolvency and Bankruptcy Tue, 17 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388654