https://www.taxtmi.com/caselaws?id=292207 The Tribunal approved the resolution plan submitted by Jawaharlal Nehru Port Trust (JNPT) for Dighi Port Limited, with modifications. Veritas' objections were rejected, emphasizing due process for agreement terminations. Adani Ports and Special Economic Zone Ltd.'s objections were also dismissed, noting CoC's discretion and JNPT's sovereign guarantee. JNPT's requested reliefs were not granted, but it was allowed to seek exemptions as per law. The moratorium ended, records were to be sent to the Insolvency and Bankruptcy Board of India, and the resolution applicant had to accept the plan's conditional approval. Further proceedings were scheduled for 27.05.2019. en-us Wed, 08 May 2019 00:00:00 +0530 Sat, 30 Jan 2021 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292207 The Tribunal approved the resolution plan submitted by Jawaharlal Nehru Port Trust (JNPT) for Dighi Port Limited, with modifications. Veritas' objections were rejected, emphasizing due process for agreement terminations. Adani Ports and Special Economic Zone Ltd.'s objections were also dismissed, noting CoC's discretion and JNPT's sovereign guarantee. JNPT's requested reliefs were not granted, but it was allowed to seek exemptions as per law. The moratorium ended, records were to be sent to the Insolvency and Bankruptcy Board of India, and the resolution applicant had to accept the plan's conditional approval. Further proceedings were scheduled for 27.05.2019. Case-Laws Insolvency and Bankruptcy Wed, 08 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292207