https://www.taxtmi.com/caselaws?id=294098 The Tribunal directed both schemes, Scheme A and Scheme B, to be resubmitted with modifications for voting by the Stakeholders Committee. The scheme receiving the highest affirmative votes would be approved, following the principles of the Companies Act, 2013. In case of a tie, additional voting among creditors would be conducted. The decision-making process aimed to address the interests of all stakeholders and comply with the objectives of the IBC, 2016. The liquidator was instructed to seek further guidance from the Tribunal as needed. en-us Fri, 13 Mar 2020 00:00:00 +0530 Sat, 20 Mar 2021 08:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294098 The Tribunal directed both schemes, Scheme A and Scheme B, to be resubmitted with modifications for voting by the Stakeholders Committee. The scheme receiving the highest affirmative votes would be approved, following the principles of the Companies Act, 2013. In case of a tie, additional voting among creditors would be conducted. The decision-making process aimed to address the interests of all stakeholders and comply with the objectives of the IBC, 2016. The liquidator was instructed to seek further guidance from the Tribunal as needed. Case-Laws Insolvency and Bankruptcy Fri, 13 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294098