https://www.taxtmi.com/caselaws?id=402255 A resolution plan under the insolvency framework may be approved when it is supported by full Committee of Creditors consent, certified by the Resolution Professional as complying with statutory and regulatory requirements, and provides for treatment of secured financial creditors, workmen, operational creditors, and statutory dues. The plan was also treated as capable of including ancillary implementation measures such as reduction of existing equity share capital to zero, provided creditor rights are not prejudiced and the measure forms part of the plan structure. Any remaining concessions or waivers are to be pursued before the competent authorities under applicable law. en-us Fri, 04 Sep 2020 00:00:00 +0530 Mon, 28 Dec 2020 09:45:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402255 A resolution plan under the insolvency framework may be approved when it is supported by full Committee of Creditors consent, certified by the Resolution Professional as complying with statutory and regulatory requirements, and provides for treatment of secured financial creditors, workmen, operational creditors, and statutory dues. The plan was also treated as capable of including ancillary implementation measures such as reduction of existing equity share capital to zero, provided creditor rights are not prejudiced and the measure forms part of the plan structure. Any remaining concessions or waivers are to be pursued before the competent authorities under applicable law. Case-Laws Insolvency and Bankruptcy Fri, 04 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402255