https://www.taxtmi.com/caselaws?id=291750 The NCLT approved the resolution plan for the Corporate Debtor, Surya Treasure Island Private Limited, under Sections 30 and 31 of the Insolvency and Bankruptcy Code, 2016. The plan, meeting statutory requirements and approved by 87.62% of the CoC, aimed to revive the Debtor, repay creditors, and continue business operations. An Implementation and Monitoring Committee was to oversee post-approval management. The NCLT discharged the RP, lifted the moratorium, and directed the Resolution Applicant consortium to ensure compliance within a year. The CoC's commercial decisions were held non-reviewable by courts. en-us Thu, 05 Dec 2019 00:00:00 +0530 Tue, 24 Nov 2020 09:38:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291750 The NCLT approved the resolution plan for the Corporate Debtor, Surya Treasure Island Private Limited, under Sections 30 and 31 of the Insolvency and Bankruptcy Code, 2016. The plan, meeting statutory requirements and approved by 87.62% of the CoC, aimed to revive the Debtor, repay creditors, and continue business operations. An Implementation and Monitoring Committee was to oversee post-approval management. The NCLT discharged the RP, lifted the moratorium, and directed the Resolution Applicant consortium to ensure compliance within a year. The CoC's commercial decisions were held non-reviewable by courts. Case-Laws Insolvency and Bankruptcy Thu, 05 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291750