https://www.taxtmi.com/caselaws?id=299476 The Resolution Plan proposed by Mr. Amit Gupta was approved by a majority vote of 96.92% in the 12th Committee of Creditors (CoC) meeting, later reaching 100% approval with IDBI Bank's consent. The plan aimed to revive Dunar Foods Limited by infusing funds, settling creditors, and leveraging management expertise. The Resolution Applicant was not found ineligible under Section 29A of the Insolvency & Bankruptcy Code. The Tribunal ruled in favor of the Resolution Plan, waiving outstanding statutory dues and claims predating the Corporate Insolvency Resolution Process (CIRP). An Implementation and Monitoring Committee was established to oversee the plan's execution within 30 months from approval. en-us Tue, 26 Nov 2019 00:00:00 +0530 Thu, 16 Dec 2021 09:00:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299476 The Resolution Plan proposed by Mr. Amit Gupta was approved by a majority vote of 96.92% in the 12th Committee of Creditors (CoC) meeting, later reaching 100% approval with IDBI Bank's consent. The plan aimed to revive Dunar Foods Limited by infusing funds, settling creditors, and leveraging management expertise. The Resolution Applicant was not found ineligible under Section 29A of the Insolvency & Bankruptcy Code. The Tribunal ruled in favor of the Resolution Plan, waiving outstanding statutory dues and claims predating the Corporate Insolvency Resolution Process (CIRP). An Implementation and Monitoring Committee was established to oversee the plan's execution within 30 months from approval. Case-Laws Companies Law Tue, 26 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299476