https://www.taxtmi.com/caselaws?id=415005 The Resolution Plan under Section 30(6) of the Insolvency & Bankruptcy Code, 2016 was approved by the Tribunal after meeting the requirements outlined in Section 30(2) of the Code. The Plan, which addressed various financial aspects and management of the Corporate Debtor, received a 99.09% favorable vote from the Committee of Creditors. The Tribunal emphasized the importance of CoC's commercial judgment in approving the Plan, found it compliant with legal provisions, and lifted the moratorium order. The Resolution Professional was directed to submit records to the Insolvency and Bankruptcy Board of India, and the approved Plan was deemed effective. en-us Fri, 29 Oct 2021 00:00:00 +0530 Wed, 24 Nov 2021 06:13:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415005 The Resolution Plan under Section 30(6) of the Insolvency & Bankruptcy Code, 2016 was approved by the Tribunal after meeting the requirements outlined in Section 30(2) of the Code. The Plan, which addressed various financial aspects and management of the Corporate Debtor, received a 99.09% favorable vote from the Committee of Creditors. The Tribunal emphasized the importance of CoC's commercial judgment in approving the Plan, found it compliant with legal provisions, and lifted the moratorium order. The Resolution Professional was directed to submit records to the Insolvency and Bankruptcy Board of India, and the approved Plan was deemed effective. Case-Laws Insolvency and Bankruptcy Fri, 29 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415005