https://www.taxtmi.com/caselaws?id=300248 The Tribunal accepted the Resolution Applicant's commitment to deposit an additional Rs. 10 crores within two weeks to fulfill CIRP cost and share issuance obligations. The CoC was directed to release the Bank Guarantee for Rs. 10 crores as the Applicant had already deposited the equivalent amount. The Tribunal also instructed the CoC to write to the Bank for the release of a non-enforceable Bank Guarantee and provide necessary Account details for compliance. The matter was listed for further orders on 19th February 2021, ensuring progress towards effective resolution in line with the approved Resolution Plan. en-us Tue, 02 Feb 2021 00:00:00 +0530 Wed, 19 Jan 2022 08:47:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300248 The Tribunal accepted the Resolution Applicant's commitment to deposit an additional Rs. 10 crores within two weeks to fulfill CIRP cost and share issuance obligations. The CoC was directed to release the Bank Guarantee for Rs. 10 crores as the Applicant had already deposited the equivalent amount. The Tribunal also instructed the CoC to write to the Bank for the release of a non-enforceable Bank Guarantee and provide necessary Account details for compliance. The matter was listed for further orders on 19th February 2021, ensuring progress towards effective resolution in line with the approved Resolution Plan. Case-Laws Companies Law Tue, 02 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300248