https://www.taxtmi.com/highlights?id=57610 Approval of resolution plan - change the main business of the ‘Corporate Debtor’ form printing business to running Data Centers - Thus, it can be seen from the Sections 30(2) & 31 and Regulations 37, 38 and 39 that there is nothing in the Code which prevents a ‘Resolution Applicant’ from changing the present line of business to adding value or creating ‘Synergy’ to the existing assets and converting an obsolete line of business to a more ‘viable and feasible’ option. - AT en-us Thu, 15 Apr 2021 09:54:19 +0530 Thu, 15 Apr 2021 09:54:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57610 Approval of resolution plan - change the main business of the ‘Corporate Debtor’ form printing business to running Data Centers - Thus, it can be seen from the Sections 30(2) & 31 and Regulations 37, 38 and 39 that there is nothing in the Code which prevents a ‘Resolution Applicant’ from changing the present line of business to adding value or creating ‘Synergy’ to the existing assets and converting an obsolete line of business to a more ‘viable and feasible’ option. - AT Highlights Insolvency and Bankruptcy Thu, 15 Apr 2021 09:54:19 +0530 https://www.taxtmi.com/highlights?id=57610