https://www.taxtmi.com/caselaws?id=413982 A resolution plan compliant with the Insolvency and Bankruptcy Code and CIRP Regulations, supported by 100% Committee of Creditors approval, may be sanctioned when the resolution applicant is eligible, the prescribed contents are met, and the Resolution Professional's compliance certificate is on record. Once approved, the plan binds the corporate debtor and stakeholders to the extent permitted by law, with implementation measures and claim extinguishment operating as set out in the plan. Requests for governmental or tax concessions are not automatically granted and are left to the appropriate authorities. Approval of the plan also brings the moratorium to an end. en-us Tue, 05 Oct 2021 00:00:00 +0530 Tue, 26 Oct 2021 09:00:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413982 A resolution plan compliant with the Insolvency and Bankruptcy Code and CIRP Regulations, supported by 100% Committee of Creditors approval, may be sanctioned when the resolution applicant is eligible, the prescribed contents are met, and the Resolution Professional's compliance certificate is on record. Once approved, the plan binds the corporate debtor and stakeholders to the extent permitted by law, with implementation measures and claim extinguishment operating as set out in the plan. Requests for governmental or tax concessions are not automatically granted and are left to the appropriate authorities. Approval of the plan also brings the moratorium to an end. Case-Laws Insolvency and Bankruptcy Tue, 05 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413982