https://www.taxtmi.com/caselaws?id=396534 A corporate insolvency resolution plan was approved after the committee of creditors unanimously accepted it and the adjudicating authority found it compliant with the Insolvency and Bankruptcy Code, 2016 and the applicable regulations. The plan provided for insolvency resolution process costs, treatment of financial and operational creditors, funding sources, implementation timelines and monitoring mechanisms. The Resolution Professional and authority also recorded that the successful resolution applicant was not ineligible under Section 29A, and that the plan was feasible, viable, protected stakeholder interests, and satisfied Sections 30 and 31 together with Regulations 37 and 38 of the CIRP Regulations. en-us Wed, 05 Feb 2020 00:00:00 +0530 Fri, 10 Jul 2020 08:08:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396534 A corporate insolvency resolution plan was approved after the committee of creditors unanimously accepted it and the adjudicating authority found it compliant with the Insolvency and Bankruptcy Code, 2016 and the applicable regulations. The plan provided for insolvency resolution process costs, treatment of financial and operational creditors, funding sources, implementation timelines and monitoring mechanisms. The Resolution Professional and authority also recorded that the successful resolution applicant was not ineligible under Section 29A, and that the plan was feasible, viable, protected stakeholder interests, and satisfied Sections 30 and 31 together with Regulations 37 and 38 of the CIRP Regulations. Case-Laws Insolvency and Bankruptcy Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396534