https://www.taxtmi.com/caselaws?id=301212 The Tribunal approved the Resolution Plan submitted by Amritvani Exim Private Limited for M/s. Kharkia Steels Private Limited under the Insolvency and Bankruptcy Code, 2016. The plan, which included an upfront payout to creditors and provisions for the company's revival, was found to meet the statutory requirements. The Committee of Creditors had previously endorsed the plan, and the Tribunal's approval made it binding on all relevant parties. Specific directions were issued for the plan's implementation, leading to the disposal of the case. en-us Mon, 21 Sep 2020 00:00:00 +0530 Mon, 21 Mar 2022 08:12:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301212 The Tribunal approved the Resolution Plan submitted by Amritvani Exim Private Limited for M/s. Kharkia Steels Private Limited under the Insolvency and Bankruptcy Code, 2016. The plan, which included an upfront payout to creditors and provisions for the company's revival, was found to meet the statutory requirements. The Committee of Creditors had previously endorsed the plan, and the Tribunal's approval made it binding on all relevant parties. Specific directions were issued for the plan's implementation, leading to the disposal of the case. Case-Laws Insolvency and Bankruptcy Mon, 21 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301212