https://www.taxtmi.com/caselaws?id=293290 The Resolution Plan seeking approval under the Insolvency and Bankruptcy Code, 2016 was approved by the Tribunal. The plan, compliant with relevant sections and regulations, provided for the payment of costs, debt repayment, management of the Corporate Debtor, and distribution of dues. It aimed to continue the Corporate Debtor as a going concern with existing management. With unanimous approval from the Committee of Creditors and compliance with legal requirements, the plan was declared binding on stakeholders. The moratorium order ceased, and the plan was to be implemented in accordance with the Code and regulations. en-us Fri, 19 Jul 2019 00:00:00 +0530 Wed, 03 Feb 2021 06:52:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293290 The Resolution Plan seeking approval under the Insolvency and Bankruptcy Code, 2016 was approved by the Tribunal. The plan, compliant with relevant sections and regulations, provided for the payment of costs, debt repayment, management of the Corporate Debtor, and distribution of dues. It aimed to continue the Corporate Debtor as a going concern with existing management. With unanimous approval from the Committee of Creditors and compliance with legal requirements, the plan was declared binding on stakeholders. The moratorium order ceased, and the plan was to be implemented in accordance with the Code and regulations. Case-Laws Insolvency and Bankruptcy Fri, 19 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293290