https://www.taxtmi.com/caselaws?id=297317 A resolution plan approved by the committee of creditors was found to comply with section 30(2) of the Insolvency and Bankruptcy Code and the applicable regulations, including priority payment of insolvency resolution process costs, treatment of operational creditors, feasibility, viability, implementation terms, and absence of disqualification under section 29A. The adjudicating authority's role under section 31 was confined to verifying statutory and regulatory compliance, and once that compliance was established, the plan was approved. The record also noted the filing of the required performance bank guarantee and compliance affidavit, supporting approval of the plan. en-us Thu, 17 Oct 2019 00:00:00 +0530 Thu, 26 Aug 2021 21:37:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297317 A resolution plan approved by the committee of creditors was found to comply with section 30(2) of the Insolvency and Bankruptcy Code and the applicable regulations, including priority payment of insolvency resolution process costs, treatment of operational creditors, feasibility, viability, implementation terms, and absence of disqualification under section 29A. The adjudicating authority's role under section 31 was confined to verifying statutory and regulatory compliance, and once that compliance was established, the plan was approved. The record also noted the filing of the required performance bank guarantee and compliance affidavit, supporting approval of the plan. Case-Laws Insolvency and Bankruptcy Thu, 17 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297317