https://www.taxtmi.com/caselaws?id=389631 A resolution plan under the Insolvency and Bankruptcy Code was found compliant where the resolution applicant was certified eligible under the ineligibility framework, the committee of creditors approved the plan with the requisite voting share, and the plan addressed feasibility, viability, liquidation value, CIRP costs, and treatment of stakeholders. The plan was recorded as not contravening the Code or the CIRP Regulations and was approved under Section 31(1), making it binding on the corporate debtor and stakeholders. The insolvency resolution process then moved to completion, with the moratorium ceasing and the resolution applicant required to obtain any further statutory approvals within the permitted period. en-us Thu, 17 Oct 2019 00:00:00 +0530 Fri, 13 Dec 2019 09:51:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389631 A resolution plan under the Insolvency and Bankruptcy Code was found compliant where the resolution applicant was certified eligible under the ineligibility framework, the committee of creditors approved the plan with the requisite voting share, and the plan addressed feasibility, viability, liquidation value, CIRP costs, and treatment of stakeholders. The plan was recorded as not contravening the Code or the CIRP Regulations and was approved under Section 31(1), making it binding on the corporate debtor and stakeholders. The insolvency resolution process then moved to completion, with the moratorium ceasing and the resolution applicant required to obtain any further statutory approvals within the permitted period. Case-Laws Insolvency and Bankruptcy Thu, 17 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389631