https://www.taxtmi.com/caselaws?id=300874 The Tribunal approved the Resolution Plan submitted by SREI Multiple Asset Investment Trust-Vision India Fund under the Insolvency and Bankruptcy Code, 2016. The plan was found compliant with the mandatory provisions, approved by the majority of creditors, and included provisions for payment of CIRP costs, debts, and management of the Corporate Debtor's affairs. Objections raised by a member of the Committee of Creditors regarding the treatment of claims and waivers were dismissed as the member had previously voted in favor of the plan. Various reliefs and waivers sought by the Resolution Applicant were granted, including reorganization of share capital and exemptions from certain tax liabilities, subject to legal constraints. en-us Mon, 03 Jun 2019 00:00:00 +0530 Tue, 01 Mar 2022 18:19:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300874 The Tribunal approved the Resolution Plan submitted by SREI Multiple Asset Investment Trust-Vision India Fund under the Insolvency and Bankruptcy Code, 2016. The plan was found compliant with the mandatory provisions, approved by the majority of creditors, and included provisions for payment of CIRP costs, debts, and management of the Corporate Debtor's affairs. Objections raised by a member of the Committee of Creditors regarding the treatment of claims and waivers were dismissed as the member had previously voted in favor of the plan. Various reliefs and waivers sought by the Resolution Applicant were granted, including reorganization of share capital and exemptions from certain tax liabilities, subject to legal constraints. Case-Laws Insolvency and Bankruptcy Mon, 03 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300874