https://www.taxtmi.com/caselaws?id=300827 The Tribunal approved the Resolution Plan under Sections 31(1) and 60(5) of the Insolvency and Bankruptcy Code, 2016, finding it compliant with relevant regulations. The Plan included payment allocations to creditors, exceeded the liquidation value, prioritized CIRP costs, and established a monitoring committee for implementation. Concessions and waivers were granted, and compliance with Section 29A of the IBC was confirmed. The Resolution Plan was deemed feasible and viable, binding all stakeholders and effective immediately upon approval. en-us Mon, 05 Oct 2020 00:00:00 +0530 Sun, 27 Feb 2022 20:35:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300827 The Tribunal approved the Resolution Plan under Sections 31(1) and 60(5) of the Insolvency and Bankruptcy Code, 2016, finding it compliant with relevant regulations. The Plan included payment allocations to creditors, exceeded the liquidation value, prioritized CIRP costs, and established a monitoring committee for implementation. Concessions and waivers were granted, and compliance with Section 29A of the IBC was confirmed. The Resolution Plan was deemed feasible and viable, binding all stakeholders and effective immediately upon approval. Case-Laws Insolvency and Bankruptcy Mon, 05 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300827