https://www.taxtmi.com/caselaws?id=415168 The Resolution Plan for Globecon Commercial Services Private Limited was approved by the Adjudicating Authority under the Insolvency and Bankruptcy Code, 2016. The plan, which included a total financial proposal of Rs. 40 Lakhs for settlement of liabilities, was found to comply with legal and regulatory provisions. The Authority noted the plan's approval by the Committee of Creditors with 100% votes and emphasized its limited role in modifying the plan. The Resolution Plan became effective immediately, binding all stakeholders, and the Resolution Professional was tasked with overseeing its implementation and reporting to the Authority periodically. en-us Tue, 23 Nov 2021 00:00:00 +0530 Mon, 29 Nov 2021 08:58:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415168 The Resolution Plan for Globecon Commercial Services Private Limited was approved by the Adjudicating Authority under the Insolvency and Bankruptcy Code, 2016. The plan, which included a total financial proposal of Rs. 40 Lakhs for settlement of liabilities, was found to comply with legal and regulatory provisions. The Authority noted the plan's approval by the Committee of Creditors with 100% votes and emphasized its limited role in modifying the plan. The Resolution Plan became effective immediately, binding all stakeholders, and the Resolution Professional was tasked with overseeing its implementation and reporting to the Authority periodically. Case-Laws Insolvency and Bankruptcy Tue, 23 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415168