https://www.taxtmi.com/caselaws?id=414399 A resolution plan was approved because the resolution applicant filed the required eligibility affidavit, furnished performance security, and satisfied the insolvency resolution regulations. The Committee of Creditors unanimously approved the revised plan, and the Adjudicating Authority recorded compliance with the Insolvency and Bankruptcy Code and the CIRP Regulations, including the requirements for filing, evaluation, and approval. It also found the plan workable and capable of implementation, and therefore allowed it with consequential directions on commencement, cessation of moratorium, forwarding of records, extinction of pre-resolution claims, reconstitution of management, and related implementation steps. en-us Tue, 05 Oct 2021 00:00:00 +0530 Mon, 08 Nov 2021 06:59:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414399 A resolution plan was approved because the resolution applicant filed the required eligibility affidavit, furnished performance security, and satisfied the insolvency resolution regulations. The Committee of Creditors unanimously approved the revised plan, and the Adjudicating Authority recorded compliance with the Insolvency and Bankruptcy Code and the CIRP Regulations, including the requirements for filing, evaluation, and approval. It also found the plan workable and capable of implementation, and therefore allowed it with consequential directions on commencement, cessation of moratorium, forwarding of records, extinction of pre-resolution claims, reconstitution of management, and related implementation steps. Case-Laws Insolvency and Bankruptcy Tue, 05 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414399