https://www.taxtmi.com/caselaws?id=392473 The Tribunal concluded that the Directorate of Enforcement's attachment of the Corporate Debtor's assets post-approval of the Resolution Plan was illegal and without jurisdiction. JSW Steel Limited was deemed eligible under Section 29A of the IBC to submit a Resolution Plan. The Tribunal clarified the distribution of profits earned during the CIRP and emphasized the importance of filing claims within the stipulated period. Ambiguities regarding the interim management mechanism were resolved, confirming the Reconstituted Board's role until the Effective Date. The Resolution Plan submitted by JSW Steel Limited was approved with modifications, and appeals by operational creditors and the State of Odisha were dismissed. en-us Mon, 17 Feb 2020 00:00:00 +0530 Fri, 21 Feb 2020 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392473 The Tribunal concluded that the Directorate of Enforcement's attachment of the Corporate Debtor's assets post-approval of the Resolution Plan was illegal and without jurisdiction. JSW Steel Limited was deemed eligible under Section 29A of the IBC to submit a Resolution Plan. The Tribunal clarified the distribution of profits earned during the CIRP and emphasized the importance of filing claims within the stipulated period. Ambiguities regarding the interim management mechanism were resolved, confirming the Reconstituted Board's role until the Effective Date. The Resolution Plan submitted by JSW Steel Limited was approved with modifications, and appeals by operational creditors and the State of Odisha were dismissed. Case-Laws Insolvency and Bankruptcy Mon, 17 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392473