https://www.taxtmi.com/caselaws?id=404772 The Resolution Plan for Swastic Aqua Limited was approved under Section 30(6) of the Insolvency & Bankruptcy Code, 2016, by the Adjudicating Authority. Compliance with Section 30(2) of the Code, CIRP Regulations 38 and 39, effective implementation and supervision provisions, and adherence to applicable laws were confirmed. The plan, approved by the Committee of Creditors with 100% voting, met all requirements, leading to the cessation of the moratorium order and direction to transfer records to the Insolvency and Bankruptcy Board of India. The approved plan became effective immediately. en-us Tue, 24 Nov 2020 00:00:00 +0530 Thu, 04 Mar 2021 08:25:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404772 The Resolution Plan for Swastic Aqua Limited was approved under Section 30(6) of the Insolvency & Bankruptcy Code, 2016, by the Adjudicating Authority. Compliance with Section 30(2) of the Code, CIRP Regulations 38 and 39, effective implementation and supervision provisions, and adherence to applicable laws were confirmed. The plan, approved by the Committee of Creditors with 100% voting, met all requirements, leading to the cessation of the moratorium order and direction to transfer records to the Insolvency and Bankruptcy Board of India. The approved plan became effective immediately. Case-Laws Insolvency and Bankruptcy Tue, 24 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404772