https://www.taxtmi.com/caselaws?id=406557 A resolution plan under the Insolvency and Bankruptcy Code was found compliant where the committee of creditors approved it unanimously and the resolution professional verified statutory requirements, including CIRP costs, creditor treatment, management structure, feasibility and viability. The Tribunal confined review to the Code and CIRP Regulations, recognised the commercial wisdom of the committee of creditors, and noted that the plan was not hit by Section 29A and complied with Regulations 37 to 39. The plan was approved. en-us Thu, 25 Mar 2021 00:00:00 +0530 Mon, 28 Oct 2024 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406557 A resolution plan under the Insolvency and Bankruptcy Code was found compliant where the committee of creditors approved it unanimously and the resolution professional verified statutory requirements, including CIRP costs, creditor treatment, management structure, feasibility and viability. The Tribunal confined review to the Code and CIRP Regulations, recognised the commercial wisdom of the committee of creditors, and noted that the plan was not hit by Section 29A and complied with Regulations 37 to 39. The plan was approved. Case-Laws IBC Thu, 25 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406557