https://www.taxtmi.com/caselaws?id=298350 The Tribunal approved the Resolution Plan under Section 31 of the IBC, 2016, citing compliance with regulations and unanimous CoC approval. Reliefs sought by the Resolution Applicants were to be pursued with competent authorities. The application to withdraw the Resolution Plan under Section 60(5) was dismissed due to lack of clarity and absence of legal provisions allowing withdrawal, with a cost of Rs. 50,000/- imposed to be paid to the PM CARES Fund. en-us Fri, 23 Oct 2020 00:00:00 +0530 Thu, 28 Oct 2021 08:38:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298350 The Tribunal approved the Resolution Plan under Section 31 of the IBC, 2016, citing compliance with regulations and unanimous CoC approval. Reliefs sought by the Resolution Applicants were to be pursued with competent authorities. The application to withdraw the Resolution Plan under Section 60(5) was dismissed due to lack of clarity and absence of legal provisions allowing withdrawal, with a cost of Rs. 50,000/- imposed to be paid to the PM CARES Fund. Case-Laws Insolvency and Bankruptcy Fri, 23 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298350