https://www.taxtmi.com/caselaws?id=300906 The Resolution Plan submitted by the Jalan Fritsch Consortium for Jet Airways (India) Limited was approved by the Tribunal with certain conditions and modifications. The Plan, approved by the Committee of Creditors with a 99.22% majority, addressed CIRP costs, Financial Creditors' claims, treatment of Employees and Workmen, Operational Creditors, and reinstatement of airport slots. The Plan was found compliant with the Insolvency and Bankruptcy Code and Regulations, and the Successful Resolution Applicant was directed to seek necessary approvals and reliefs. The Plan became binding on all stakeholders, and the moratorium under the Code ceased to be in effect. en-us Tue, 22 Jun 2021 00:00:00 +0530 Thu, 03 Mar 2022 06:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300906 The Resolution Plan submitted by the Jalan Fritsch Consortium for Jet Airways (India) Limited was approved by the Tribunal with certain conditions and modifications. The Plan, approved by the Committee of Creditors with a 99.22% majority, addressed CIRP costs, Financial Creditors' claims, treatment of Employees and Workmen, Operational Creditors, and reinstatement of airport slots. The Plan was found compliant with the Insolvency and Bankruptcy Code and Regulations, and the Successful Resolution Applicant was directed to seek necessary approvals and reliefs. The Plan became binding on all stakeholders, and the moratorium under the Code ceased to be in effect. Case-Laws Insolvency and Bankruptcy Tue, 22 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300906