https://www.taxtmi.com/caselaws?id=414133 The court initiated the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code against a corporate debtor. The Committee of Creditors (CoC) received and approved a Revised Resolution Plan submitted by the Consortium after multiple deliberations and revisions. The Resolution Plan was deemed binding, subject to approval from the Competition Commission of India. The moratorium order was lifted, and records were transferred to the Insolvency and Bankruptcy Board of India for database recording, concluding the judgment with directions for compliance and implementation. en-us Wed, 13 Oct 2021 00:00:00 +0530 Fri, 29 Oct 2021 04:49:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414133 The court initiated the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code against a corporate debtor. The Committee of Creditors (CoC) received and approved a Revised Resolution Plan submitted by the Consortium after multiple deliberations and revisions. The Resolution Plan was deemed binding, subject to approval from the Competition Commission of India. The moratorium order was lifted, and records were transferred to the Insolvency and Bankruptcy Board of India for database recording, concluding the judgment with directions for compliance and implementation. Case-Laws Insolvency and Bankruptcy Wed, 13 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414133