https://www.taxtmi.com/caselaws?id=297586 The Tribunal approved the Resolution Plan submitted by M/s. Leadadroit Services Pvt. Ltd., with a voting share of 94.60%. The Plan included upfront payments to creditors, met Code requirements, and balanced stakeholder interests. The CoC approved the Plan after detailed deliberations, emphasizing the need to address all claims. The Plan detailed distributions to creditors, reconstitution of the board, and supervision mechanisms. The Tribunal ordered the Plan's implementation, making it binding on all stakeholders, with the moratorium lifted. The Resolution Applicant was tasked with overseeing the Plan's execution and complying with statutory obligations. en-us Fri, 05 Mar 2021 00:00:00 +0530 Fri, 10 Sep 2021 21:01:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297586 The Tribunal approved the Resolution Plan submitted by M/s. Leadadroit Services Pvt. Ltd., with a voting share of 94.60%. The Plan included upfront payments to creditors, met Code requirements, and balanced stakeholder interests. The CoC approved the Plan after detailed deliberations, emphasizing the need to address all claims. The Plan detailed distributions to creditors, reconstitution of the board, and supervision mechanisms. The Tribunal ordered the Plan's implementation, making it binding on all stakeholders, with the moratorium lifted. The Resolution Applicant was tasked with overseeing the Plan's execution and complying with statutory obligations. Case-Laws Insolvency and Bankruptcy Fri, 05 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297586