https://www.taxtmi.com/caselaws?id=410474 The Tribunal approved the Resolution Plan submitted by KINFRA for Hindustan Newsprint Limited, with certain exceptions. The Plan, approved by the Committee of Creditors with a 92.72% vote share, provided for upfront payments to settle creditors' claims. It outlined payment structures, a Monitoring Committee for implementation oversight, and compliance requirements. The Plan's approval ceased the moratorium, discharged the RP, and granted access to the Resolution Applicant for implementation. The Monitoring Committee was tasked with supervising the Plan's implementation, with the RP required to file status reports before the Tribunal. en-us Fri, 29 Jan 2021 00:00:00 +0530 Mon, 02 Aug 2021 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410474 The Tribunal approved the Resolution Plan submitted by KINFRA for Hindustan Newsprint Limited, with certain exceptions. The Plan, approved by the Committee of Creditors with a 92.72% vote share, provided for upfront payments to settle creditors' claims. It outlined payment structures, a Monitoring Committee for implementation oversight, and compliance requirements. The Plan's approval ceased the moratorium, discharged the RP, and granted access to the Resolution Applicant for implementation. The Monitoring Committee was tasked with supervising the Plan's implementation, with the RP required to file status reports before the Tribunal. Case-Laws Insolvency and Bankruptcy Fri, 29 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410474