https://www.taxtmi.com/caselaws?id=393911 The Adjudicating Authority approved the resolution plan submitted by Chamaria Fashions P. Ltd. for the insolvency resolution of M/s. V. S. Texmills P. Ltd., meeting the mandatory requirements under the Insolvency and Bankruptcy Code. The plan's approval was based on the Committee of Creditors' majority voting share of 92.44%, emphasizing feasibility and compliance. The Authority highlighted the plan's conformity to statutory criteria, subject to certain observations regarding legal proceedings and waivers. Compliance with existing laws and necessary approvals were mandated, with pending interlocutory applications deemed infructuous. en-us Wed, 01 Jan 2020 00:00:00 +0530 Wed, 25 Mar 2020 11:46:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393911 The Adjudicating Authority approved the resolution plan submitted by Chamaria Fashions P. Ltd. for the insolvency resolution of M/s. V. S. Texmills P. Ltd., meeting the mandatory requirements under the Insolvency and Bankruptcy Code. The plan's approval was based on the Committee of Creditors' majority voting share of 92.44%, emphasizing feasibility and compliance. The Authority highlighted the plan's conformity to statutory criteria, subject to certain observations regarding legal proceedings and waivers. Compliance with existing laws and necessary approvals were mandated, with pending interlocutory applications deemed infructuous. Case-Laws Insolvency and Bankruptcy Wed, 01 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393911