https://www.taxtmi.com/caselaws?id=300453 The Tribunal approved the Resolution Plan submitted by M/s. Arcelor Mittal India Private Limited, as it was found to be fair, equitable, and compliant with all mandatory regulations under the Insolvency and Bankruptcy Code, 2016. Despite objections and applications filed against the approval, the plan was upheld for equal distribution of payments to creditors, maximizing asset value. The Tribunal rejected the relief sought in the objections, affirming the binding nature of the approved Resolution Plan on all parties involved. en-us Mon, 02 Mar 2020 00:00:00 +0530 Thu, 03 Feb 2022 07:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300453 The Tribunal approved the Resolution Plan submitted by M/s. Arcelor Mittal India Private Limited, as it was found to be fair, equitable, and compliant with all mandatory regulations under the Insolvency and Bankruptcy Code, 2016. Despite objections and applications filed against the approval, the plan was upheld for equal distribution of payments to creditors, maximizing asset value. The Tribunal rejected the relief sought in the objections, affirming the binding nature of the approved Resolution Plan on all parties involved. Case-Laws Insolvency and Bankruptcy Mon, 02 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300453