https://www.taxtmi.com/caselaws?id=413984 The Tribunal approved the Resolution Plan submitted by IM+ Capitals Limited for Fedders Electric & Engineering Limited, as approved by the Committee of Creditors with a 74.61% voting share. The plan was found to comply with the Insolvency and Bankruptcy Code and CIRP Regulations. Despite some dissenting voters, the plan received the requisite majority for approval. IM+ Capitals Limited provided a performance bank guarantee and financial arrangements for implementation. A Monitoring Agency was appointed to oversee plan implementation. The Resolution Plan was declared binding on all stakeholders, with the moratorium order lifted, and the application was disposed of accordingly. en-us Wed, 06 Oct 2021 00:00:00 +0530 Thu, 25 Nov 2021 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413984 The Tribunal approved the Resolution Plan submitted by IM+ Capitals Limited for Fedders Electric & Engineering Limited, as approved by the Committee of Creditors with a 74.61% voting share. The plan was found to comply with the Insolvency and Bankruptcy Code and CIRP Regulations. Despite some dissenting voters, the plan received the requisite majority for approval. IM+ Capitals Limited provided a performance bank guarantee and financial arrangements for implementation. A Monitoring Agency was appointed to oversee plan implementation. The Resolution Plan was declared binding on all stakeholders, with the moratorium order lifted, and the application was disposed of accordingly. Case-Laws Insolvency and Bankruptcy Wed, 06 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413984