https://www.taxtmi.com/caselaws?id=390254 The Tribunal approved the Resolution Plan under Section 31 of the Insolvency and Bankruptcy Code, finding it compliant with Section 30(2) requirements and binding on the corporate debtor and stakeholders. The CoC's evaluation and unanimous approval were deemed valid, emphasizing their commercial wisdom. A Monitoring Committee was appointed to oversee plan implementation, with specific roles defined. Some reliefs sought were deemed beyond the Tribunal's jurisdiction. The Resolution Plan's compliance with applicable laws was highlighted, with necessary approvals mandated. The plan's approval was beneficial for stakeholders, ensuring the corporate debtor's continuity. en-us Thu, 12 Sep 2019 00:00:00 +0530 Fri, 27 Dec 2019 07:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390254 The Tribunal approved the Resolution Plan under Section 31 of the Insolvency and Bankruptcy Code, finding it compliant with Section 30(2) requirements and binding on the corporate debtor and stakeholders. The CoC's evaluation and unanimous approval were deemed valid, emphasizing their commercial wisdom. A Monitoring Committee was appointed to oversee plan implementation, with specific roles defined. Some reliefs sought were deemed beyond the Tribunal's jurisdiction. The Resolution Plan's compliance with applicable laws was highlighted, with necessary approvals mandated. The plan's approval was beneficial for stakeholders, ensuring the corporate debtor's continuity. Case-Laws Insolvency and Bankruptcy Thu, 12 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390254