https://www.taxtmi.com/caselaws?id=299914 The Tribunal approved the Resolution Plan of M/s. Sponge Sales India Private Limited for the Corporate Debtor, as proposed by the Resolution Professional and approved by the Committee of Creditors with 100% voting shares. The plan outlined a detailed financial proposal ensuring payments to creditors and employees, and the Tribunal found it feasible and viable. The Resolution Plan was deemed binding on all relevant parties, the moratorium order was lifted, and the case was disposed of without costs, with necessary communications and certified copies of the order to be provided to concerned parties. en-us Wed, 12 Aug 2020 00:00:00 +0530 Wed, 05 Jan 2022 05:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299914 The Tribunal approved the Resolution Plan of M/s. Sponge Sales India Private Limited for the Corporate Debtor, as proposed by the Resolution Professional and approved by the Committee of Creditors with 100% voting shares. The plan outlined a detailed financial proposal ensuring payments to creditors and employees, and the Tribunal found it feasible and viable. The Resolution Plan was deemed binding on all relevant parties, the moratorium order was lifted, and the case was disposed of without costs, with necessary communications and certified copies of the order to be provided to concerned parties. Case-Laws Insolvency and Bankruptcy Wed, 12 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299914