https://www.taxtmi.com/caselaws?id=392948 The Tribunal approved the Resolution Plan under Section 30(6) of the Insolvency & Bankruptcy Code, 2016, making it binding on the Corporate Debtor and stakeholders. The Resolution Applicant, M/s. Euro Pratik Ispat (India) Private Limited, emerged as the highest bidder with a financial bid of Rs. 3.01 Crore, which was accepted by the Committee of Creditors. The Plan included financial and operational restructuring, payment structures for creditors, and various reliefs sought by the Resolution Applicant. Compliance with statutory obligations was mandated within one year, with non-compliance leading to forfeiture of the Earnest Money Deposit. en-us Thu, 05 Dec 2019 00:00:00 +0530 Tue, 03 Mar 2020 11:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392948 The Tribunal approved the Resolution Plan under Section 30(6) of the Insolvency & Bankruptcy Code, 2016, making it binding on the Corporate Debtor and stakeholders. The Resolution Applicant, M/s. Euro Pratik Ispat (India) Private Limited, emerged as the highest bidder with a financial bid of Rs. 3.01 Crore, which was accepted by the Committee of Creditors. The Plan included financial and operational restructuring, payment structures for creditors, and various reliefs sought by the Resolution Applicant. Compliance with statutory obligations was mandated within one year, with non-compliance leading to forfeiture of the Earnest Money Deposit. Case-Laws Insolvency and Bankruptcy Thu, 05 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392948