https://www.taxtmi.com/caselaws?id=388802 The Adjudicating Authority approved the Resolution Plan of the Appellant, 'Reliance Industries Limited,' in the Corporate Insolvency Resolution Process of 'Alok Industries Ltd.' The plan included conditions on various aspects such as potential amendments to laws, delisting of shares, related party transactions, and compliance with applicable laws. The Authority clarified issues raised in Interlocutory Applications, partially allowing one and not passing a specific order on another. The dispute regarding the exemption from delisting of shares based on SEBI's permission was addressed, with SEBI emphasizing compliance with Delisting Regulations and specified conditions for exemptions. Compliance with the approved resolution plan and SEBI's stand on Delisting Regulations were upheld. en-us Mon, 18 Nov 2019 00:00:00 +0530 Fri, 22 Nov 2019 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388802 The Adjudicating Authority approved the Resolution Plan of the Appellant, 'Reliance Industries Limited,' in the Corporate Insolvency Resolution Process of 'Alok Industries Ltd.' The plan included conditions on various aspects such as potential amendments to laws, delisting of shares, related party transactions, and compliance with applicable laws. The Authority clarified issues raised in Interlocutory Applications, partially allowing one and not passing a specific order on another. The dispute regarding the exemption from delisting of shares based on SEBI's permission was addressed, with SEBI emphasizing compliance with Delisting Regulations and specified conditions for exemptions. Compliance with the approved resolution plan and SEBI's stand on Delisting Regulations were upheld. Case-Laws Insolvency and Bankruptcy Mon, 18 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388802