https://www.taxtmi.com/caselaws?id=291969 The Tribunal approved the Resolution Plan of EMC Ltd., which had been endorsed by the Committee of Creditors with an 80.18% voting share. The Plan met the requirements of the Insolvency and Bankruptcy Code, was deemed fair and equitable, and adhered to the law. Consequently, the Resolution Plan was approved under Section 31(1) of the Code, binding all stakeholders. The Tribunal also lifted the moratorium order, instructed the Resolution Professional to transfer all relevant records to the Insolvency and Bankruptcy Board of India, and dismissed the objections raised by various financial creditors, thereby concluding the case. en-us Mon, 21 Oct 2019 00:00:00 +0530 Wed, 02 Dec 2020 18:33:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291969 The Tribunal approved the Resolution Plan of EMC Ltd., which had been endorsed by the Committee of Creditors with an 80.18% voting share. The Plan met the requirements of the Insolvency and Bankruptcy Code, was deemed fair and equitable, and adhered to the law. Consequently, the Resolution Plan was approved under Section 31(1) of the Code, binding all stakeholders. The Tribunal also lifted the moratorium order, instructed the Resolution Professional to transfer all relevant records to the Insolvency and Bankruptcy Board of India, and dismissed the objections raised by various financial creditors, thereby concluding the case. Case-Laws Insolvency and Bankruptcy Mon, 21 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291969