https://www.taxtmi.com/caselaws?id=419590 The Tribunal approved the revised resolution plan submitted by M/s. Taguda Pte Ltd., dismissing the liquidation application and directing reconsideration by stakeholders. The plan included a committed payment of INR 227 crores, with detailed timelines for creditor payments and conversion of debt into preference shares. An Interim Monitoring Agency was established to oversee plan implementation. The Tribunal granted reliefs in line with a Supreme Court judgment, ensuring compliance with mandatory resolution plan contents under Section 30(2) of the IBC. Stakeholders were bound by the approved plan, with the Resolution Professional discharged, and the Resolution Applicant tasked with supervision. en-us Thu, 03 Feb 2022 00:00:00 +0530 Tue, 15 Mar 2022 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419590 The Tribunal approved the revised resolution plan submitted by M/s. Taguda Pte Ltd., dismissing the liquidation application and directing reconsideration by stakeholders. The plan included a committed payment of INR 227 crores, with detailed timelines for creditor payments and conversion of debt into preference shares. An Interim Monitoring Agency was established to oversee plan implementation. The Tribunal granted reliefs in line with a Supreme Court judgment, ensuring compliance with mandatory resolution plan contents under Section 30(2) of the IBC. Stakeholders were bound by the approved plan, with the Resolution Professional discharged, and the Resolution Applicant tasked with supervision. Case-Laws Insolvency and Bankruptcy Thu, 03 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419590