https://www.taxtmi.com/caselaws?id=291892 The Resolution Plan submitted by Sterlite Power Transmission Limited was approved by the NCLT Cuttack Bench with a 95.15% voting share from the Committee of Creditors. Various applications, including those for the exclusion of time periods, replacement of the Resolution Professional, evaluation and approval of the plan, compliance with mandatory requirements, and challenges against the approval, were addressed and decided upon. The plan was found to comply with the necessary legal provisions and was deemed binding on all relevant parties, including the Corporate Debtor and stakeholders. en-us Thu, 30 Jan 2020 00:00:00 +0530 Sat, 28 Nov 2020 09:16:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291892 The Resolution Plan submitted by Sterlite Power Transmission Limited was approved by the NCLT Cuttack Bench with a 95.15% voting share from the Committee of Creditors. Various applications, including those for the exclusion of time periods, replacement of the Resolution Professional, evaluation and approval of the plan, compliance with mandatory requirements, and challenges against the approval, were addressed and decided upon. The plan was found to comply with the necessary legal provisions and was deemed binding on all relevant parties, including the Corporate Debtor and stakeholders. Case-Laws Insolvency and Bankruptcy Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291892