https://www.taxtmi.com/caselaws?id=394406 The Tribunal approved the resolution plan under section 30(6) of the Insolvency & Bankruptcy Code, 2016 (I&B Code) submitted by a consortium led by Mr. Brij Bhushan Gupta, with 85.29% of the Committee of Creditors (CoC) members voting in favor. The plan included financial provisions for various stakeholders, and the resolution applicant was directed to comply with all applicable laws and obtain necessary approvals within one year. The plan also outlined the establishment of a monitoring agency and changes in the Board of Directors. The Tribunal's decision was binding on all stakeholders, and the matter was disposed of accordingly. en-us Fri, 31 Jan 2020 00:00:00 +0530 Sat, 11 Apr 2020 10:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394406 The Tribunal approved the resolution plan under section 30(6) of the Insolvency & Bankruptcy Code, 2016 (I&B Code) submitted by a consortium led by Mr. Brij Bhushan Gupta, with 85.29% of the Committee of Creditors (CoC) members voting in favor. The plan included financial provisions for various stakeholders, and the resolution applicant was directed to comply with all applicable laws and obtain necessary approvals within one year. The plan also outlined the establishment of a monitoring agency and changes in the Board of Directors. The Tribunal's decision was binding on all stakeholders, and the matter was disposed of accordingly. Case-Laws Insolvency and Bankruptcy Fri, 31 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394406