https://www.taxtmi.com/caselaws?id=403384 The Tribunal approved the Resolution Plan submitted by Shri Sai Priya Sugars Limited, which was endorsed by the Committee of Creditors with 100% voting. The plan's compliance with the Insolvency and Bankruptcy Code was confirmed, leading to the distribution of funds to creditors as per the plan. The Evaluation Matrix favored Shri Sai Priya Sugars Limited over competitors, and the belated Expression of Interest by Bilagi Sugar Mills Limited was rejected. The Resolution Plan included provisions for implementation, supervision, and the handover of management control, with the moratorium lifted upon approval. The Resolution Applicant was granted one year for necessary approvals. en-us Wed, 08 Jul 2020 00:00:00 +0530 Thu, 28 Jan 2021 10:50:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403384 The Tribunal approved the Resolution Plan submitted by Shri Sai Priya Sugars Limited, which was endorsed by the Committee of Creditors with 100% voting. The plan's compliance with the Insolvency and Bankruptcy Code was confirmed, leading to the distribution of funds to creditors as per the plan. The Evaluation Matrix favored Shri Sai Priya Sugars Limited over competitors, and the belated Expression of Interest by Bilagi Sugar Mills Limited was rejected. The Resolution Plan included provisions for implementation, supervision, and the handover of management control, with the moratorium lifted upon approval. The Resolution Applicant was granted one year for necessary approvals. Case-Laws Insolvency and Bankruptcy Wed, 08 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403384