https://www.taxtmi.com/caselaws?id=285587 The National Company Law Tribunal (NCLT) approved the resolution plan submitted by JSW Steel Limited, subject to compliance with the amended Section 30(2) of the Insolvency and Bankruptcy Code, 2016. The plan included concessions, upfront equity infusion, repayment of operational creditors, and post-approval management of the Corporate Debtor. The NCLT dismissed the applications for supplying copies of the resolution plan to the Ex-Management and rejected a settlement proposal by Mr. Sanjay Singal under Section 12A. The approved plan was deemed fair and compliant, ensuring the revival and continuity of the Corporate Debtor. en-us Thu, 05 Sep 2019 00:00:00 +0530 Sat, 18 Jan 2020 10:08:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285587 The National Company Law Tribunal (NCLT) approved the resolution plan submitted by JSW Steel Limited, subject to compliance with the amended Section 30(2) of the Insolvency and Bankruptcy Code, 2016. The plan included concessions, upfront equity infusion, repayment of operational creditors, and post-approval management of the Corporate Debtor. The NCLT dismissed the applications for supplying copies of the resolution plan to the Ex-Management and rejected a settlement proposal by Mr. Sanjay Singal under Section 12A. The approved plan was deemed fair and compliant, ensuring the revival and continuity of the Corporate Debtor. Case-Laws Companies Law Thu, 05 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285587