https://www.taxtmi.com/caselaws?id=390290 The Tribunal approved the Resolution Plan submitted by M/S. RCC e-Construction Pvt. Ltd. under Section 30(6) of the Insolvency and Bankruptcy Code, 2016. The objections raised by Operational Creditors, Dissenting Financial Creditors, and other parties were overruled, and the Resolution Plan was deemed compliant with the I&B Code. Home Buyers' objections were partially addressed with an increased payout percentage. The Income Tax Department's objections were directed to be resolved through appropriate channels. The Resolution Plan was finalized, a Monitoring Committee was established, and further applications under specific sections of the IBC, 2016, will be addressed separately. en-us Fri, 13 Dec 2019 00:00:00 +0530 Wed, 25 Dec 2019 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390290 The Tribunal approved the Resolution Plan submitted by M/S. RCC e-Construction Pvt. Ltd. under Section 30(6) of the Insolvency and Bankruptcy Code, 2016. The objections raised by Operational Creditors, Dissenting Financial Creditors, and other parties were overruled, and the Resolution Plan was deemed compliant with the I&B Code. Home Buyers' objections were partially addressed with an increased payout percentage. The Income Tax Department's objections were directed to be resolved through appropriate channels. The Resolution Plan was finalized, a Monitoring Committee was established, and further applications under specific sections of the IBC, 2016, will be addressed separately. Case-Laws Insolvency and Bankruptcy Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390290