https://www.taxtmi.com/caselaws?id=298632 The Adjudicating Authority approved the Resolution Plan submitted by Safire Technologies Pvt. Ltd., meeting the criteria under Section 30(2) of the Insolvency and Bankruptcy Code, 2016. The plan received 90.09% approval from the Committee of Creditors and complied with statutory requirements. Certain periods were excluded from the Corporate Insolvency Resolution Process duration, a claim amount of a Secured Financial Creditor was reduced, and payment distribution to various creditors and stakeholders was outlined. The plan aimed to maximize asset value and balance stakeholder interests, with pending legal proceedings unaffected by the approval. en-us Tue, 22 Oct 2019 00:00:00 +0530 Sat, 13 Nov 2021 20:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298632 The Adjudicating Authority approved the Resolution Plan submitted by Safire Technologies Pvt. Ltd., meeting the criteria under Section 30(2) of the Insolvency and Bankruptcy Code, 2016. The plan received 90.09% approval from the Committee of Creditors and complied with statutory requirements. Certain periods were excluded from the Corporate Insolvency Resolution Process duration, a claim amount of a Secured Financial Creditor was reduced, and payment distribution to various creditors and stakeholders was outlined. The plan aimed to maximize asset value and balance stakeholder interests, with pending legal proceedings unaffected by the approval. Case-Laws Insolvency and Bankruptcy Tue, 22 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298632