https://www.taxtmi.com/caselaws?id=301184 The Tribunal approved the Resolution Plan submitted by a public limited company for the Corporate Debtor, involving infusion of working capital, payment of dues, and equity acquisition. The plan outlined settlement timelines for various creditors and committed to reviving the business. The Tribunal ensured compliance with legal provisions, endorsed the plan, and lifted the moratorium on the Corporate Debtor's assets post-payment obligations. The Resolution Applicant would assume management control through its Board of Directors, marking the successful conclusion of the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code 2016. en-us Tue, 02 Apr 2019 00:00:00 +0530 Thu, 17 Mar 2022 08:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301184 The Tribunal approved the Resolution Plan submitted by a public limited company for the Corporate Debtor, involving infusion of working capital, payment of dues, and equity acquisition. The plan outlined settlement timelines for various creditors and committed to reviving the business. The Tribunal ensured compliance with legal provisions, endorsed the plan, and lifted the moratorium on the Corporate Debtor's assets post-payment obligations. The Resolution Applicant would assume management control through its Board of Directors, marking the successful conclusion of the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code 2016. Case-Laws Insolvency and Bankruptcy Tue, 02 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301184