https://www.taxtmi.com/caselaws?id=406656 The Resolution Plan submitted by Majestic Auto Limited was approved by the Tribunal, becoming effective immediately. The Plan, approved by the Committee of Creditors, outlined payment priorities, financial capabilities of the Resolution Applicant, and implementation details. The Resolution Plan's compliance with relevant regulations was confirmed, making it binding on the Corporate Debtor and stakeholders. The moratorium under the Insolvency and Bankruptcy Code ceased upon approval, with the Resolution Applicant tasked to oversee implementation and provide status reports to the Authority. en-us Thu, 15 Apr 2021 00:00:00 +0530 Tue, 20 Apr 2021 12:54:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406656 The Resolution Plan submitted by Majestic Auto Limited was approved by the Tribunal, becoming effective immediately. The Plan, approved by the Committee of Creditors, outlined payment priorities, financial capabilities of the Resolution Applicant, and implementation details. The Resolution Plan's compliance with relevant regulations was confirmed, making it binding on the Corporate Debtor and stakeholders. The moratorium under the Insolvency and Bankruptcy Code ceased upon approval, with the Resolution Applicant tasked to oversee implementation and provide status reports to the Authority. Case-Laws Insolvency and Bankruptcy Thu, 15 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406656