https://www.taxtmi.com/caselaws?id=291295 The Resolution Plan for M/s. Ramsarup Industries Limited was approved by the Committee of Creditors (CoC) with a voting share of 74.41%. The objections raised by Operational Creditors, Financial Creditors, Promoter Director, and Unsuccessful Bidders were dismissed by the tribunal. The Resolution Applicant was found eligible under Section 29A. The tribunal directed the inclusion of security expenses in the upfront payment and approved the Resolution Plan under Section 31(1) of the Insolvency and Bankruptcy Code, 2016. The moratorium order ceased, and costs were imposed on unsuccessful bidders and the Promoter Director. en-us Wed, 04 Sep 2019 00:00:00 +0530 Thu, 05 Nov 2020 12:20:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291295 The Resolution Plan for M/s. Ramsarup Industries Limited was approved by the Committee of Creditors (CoC) with a voting share of 74.41%. The objections raised by Operational Creditors, Financial Creditors, Promoter Director, and Unsuccessful Bidders were dismissed by the tribunal. The Resolution Applicant was found eligible under Section 29A. The tribunal directed the inclusion of security expenses in the upfront payment and approved the Resolution Plan under Section 31(1) of the Insolvency and Bankruptcy Code, 2016. The moratorium order ceased, and costs were imposed on unsuccessful bidders and the Promoter Director. Case-Laws Insolvency and Bankruptcy Wed, 04 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291295