https://www.taxtmi.com/caselaws?id=408383 The Tribunal approved the Resolution Plan under Section 31(1) of the Insolvency and Bankruptcy Code, 2016 for M/s. Pawan Impex Private Limited, as it met all requirements under Section 30(2) without contravening any laws. The Committee of Creditors' decision, based on commercial wisdom, was not subject to judicial review unless against the law or public interest. Some reliefs were granted, such as exemptions under Section 32A of IBC, 2016, while others were denied. The moratorium order ceased, and the Resolution Plan took immediate effect, with records to be forwarded to the Insolvency and Bankruptcy Board of India (IBBI). en-us Mon, 31 May 2021 00:00:00 +0530 Tue, 08 Jun 2021 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408383 The Tribunal approved the Resolution Plan under Section 31(1) of the Insolvency and Bankruptcy Code, 2016 for M/s. Pawan Impex Private Limited, as it met all requirements under Section 30(2) without contravening any laws. The Committee of Creditors' decision, based on commercial wisdom, was not subject to judicial review unless against the law or public interest. Some reliefs were granted, such as exemptions under Section 32A of IBC, 2016, while others were denied. The moratorium order ceased, and the Resolution Plan took immediate effect, with records to be forwarded to the Insolvency and Bankruptcy Board of India (IBBI). Case-Laws Insolvency and Bankruptcy Mon, 31 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408383