https://www.taxtmi.com/caselaws?id=297150 The Tribunal approved the Resolution Plan submitted by Sify Technologies Limited for Print House (India) Private Limited under Section 30(6) of the Insolvency and Bankruptcy Code, finding it viable and meeting CoC approval requirements. The Resolution Plan included necessary provisions for creditor payments and post-approval management. The Tribunal dismissed objections from suspended directors and promoters, emphasizing the CoC's commercial wisdom. The Resolution Plan was binding on the Corporate Debtor, ending the moratorium, and directing RP handover to the Resolution Applicant, with the Tribunal affirming the CoC's decision. en-us Tue, 23 Jun 2020 00:00:00 +0530 Mon, 23 Aug 2021 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297150 The Tribunal approved the Resolution Plan submitted by Sify Technologies Limited for Print House (India) Private Limited under Section 30(6) of the Insolvency and Bankruptcy Code, finding it viable and meeting CoC approval requirements. The Resolution Plan included necessary provisions for creditor payments and post-approval management. The Tribunal dismissed objections from suspended directors and promoters, emphasizing the CoC's commercial wisdom. The Resolution Plan was binding on the Corporate Debtor, ending the moratorium, and directing RP handover to the Resolution Applicant, with the Tribunal affirming the CoC's decision. Case-Laws Insolvency and Bankruptcy Tue, 23 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297150