https://www.taxtmi.com/caselaws?id=288854 The Tribunal approved the Resolution Plan submitted by Dera Finvest Private Limited with modifications, making it binding on the corporate debtor and stakeholders. The Resolution Plan was found compliant with the Insolvency and Bankruptcy Code provisions, dismissing objections regarding the eligibility of the Resolution Applicant. A new Resolution Plan submission after the approved plan was not considered. The Tribunal dismissed intervention applications and objections by the erstwhile Promoter/Director, emphasizing adherence to the law and commercial decisions by the Committee of Creditors. The moratorium ceased, records were forwarded to the IBBI, and a rejected application resulted in the return of the deposited amount. en-us Thu, 18 Apr 2019 00:00:00 +0530 Fri, 03 Jul 2020 08:21:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288854 The Tribunal approved the Resolution Plan submitted by Dera Finvest Private Limited with modifications, making it binding on the corporate debtor and stakeholders. The Resolution Plan was found compliant with the Insolvency and Bankruptcy Code provisions, dismissing objections regarding the eligibility of the Resolution Applicant. A new Resolution Plan submission after the approved plan was not considered. The Tribunal dismissed intervention applications and objections by the erstwhile Promoter/Director, emphasizing adherence to the law and commercial decisions by the Committee of Creditors. The moratorium ceased, records were forwarded to the IBBI, and a rejected application resulted in the return of the deposited amount. Case-Laws Insolvency and Bankruptcy Thu, 18 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288854