https://www.taxtmi.com/caselaws?id=299160 The Resolution Plan submitted by Twin Star Technologies Limited was approved by the Adjudicating Authority, with directions to ensure payments to dissenting Financial Creditors and statutory dues. The Plan was compliant with the Insolvency and Bankruptcy Code, approved by the Committee of Creditors, and included distribution percentages for various creditor categories. The Authority made observations on creditor payouts and appointed an Observer Cum Permanent Invitee for oversight. Implementation and supervision responsibilities were assigned to the Resolution Professional, Committee of Creditors, and the appointed Observer. The Authority granted in-principle approval for the merger of companies involved in the Plan. en-us Tue, 08 Jun 2021 00:00:00 +0530 Sun, 05 Dec 2021 14:39:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299160 The Resolution Plan submitted by Twin Star Technologies Limited was approved by the Adjudicating Authority, with directions to ensure payments to dissenting Financial Creditors and statutory dues. The Plan was compliant with the Insolvency and Bankruptcy Code, approved by the Committee of Creditors, and included distribution percentages for various creditor categories. The Authority made observations on creditor payouts and appointed an Observer Cum Permanent Invitee for oversight. Implementation and supervision responsibilities were assigned to the Resolution Professional, Committee of Creditors, and the appointed Observer. The Authority granted in-principle approval for the merger of companies involved in the Plan. Case-Laws Insolvency and Bankruptcy Tue, 08 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299160