https://www.taxtmi.com/caselaws?id=413486 The Tribunal approved the Resolution Plan under Section 31(1) of the Insolvency and Bankruptcy Code, 2016, declaring it binding on the corporate debtor and stakeholders. Despite objections raised by homebuyers, the plan was approved by the Committee of Creditors with a 100% voting share. The plan complied with statutory requirements and offered a higher value than liquidation. The Tribunal directed the Resolution Professional to forward all relevant records to the Insolvency and Bankruptcy Board of India, and the approved plan became effective immediately. IA No. 3542/2020 was rejected, and IA No. 1303/2020 was admitted and disposed of accordingly. en-us Fri, 06 Aug 2021 00:00:00 +0530 Tue, 12 Oct 2021 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413486 The Tribunal approved the Resolution Plan under Section 31(1) of the Insolvency and Bankruptcy Code, 2016, declaring it binding on the corporate debtor and stakeholders. Despite objections raised by homebuyers, the plan was approved by the Committee of Creditors with a 100% voting share. The plan complied with statutory requirements and offered a higher value than liquidation. The Tribunal directed the Resolution Professional to forward all relevant records to the Insolvency and Bankruptcy Board of India, and the approved plan became effective immediately. IA No. 3542/2020 was rejected, and IA No. 1303/2020 was admitted and disposed of accordingly. Case-Laws Insolvency and Bankruptcy Fri, 06 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413486