https://www.taxtmi.com/caselaws?id=299207 The Tribunal approved the Resolution Plan under IBC, 2016, with 100% voting share from CoC. An extension of 180 days for plan implementation was granted, and pending claims by the GST Department were to be considered. The plan involved capital reduction to zero and equity infusion of Rs. 17.72 crores. Compliance with legal requirements, distribution of funds, and appointment of RP were ensured. The Resolution Plan was deemed effective immediately, with detailed implementation directions provided for stakeholders. en-us Fri, 04 Sep 2020 00:00:00 +0530 Mon, 06 Dec 2021 20:58:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299207 The Tribunal approved the Resolution Plan under IBC, 2016, with 100% voting share from CoC. An extension of 180 days for plan implementation was granted, and pending claims by the GST Department were to be considered. The plan involved capital reduction to zero and equity infusion of Rs. 17.72 crores. Compliance with legal requirements, distribution of funds, and appointment of RP were ensured. The Resolution Plan was deemed effective immediately, with detailed implementation directions provided for stakeholders. Case-Laws Insolvency and Bankruptcy Fri, 04 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299207