https://www.taxtmi.com/caselaws?id=301275 The Tribunal approved the Resolution Plan under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, read with Regulation 39(4) of the IBBI Regulations. Despite no Expression of Interest received within extended deadlines, modifications were made following CoC decisions. The Resolution Plan, with detailed financial proposals and stakeholder safeguards, was approved by the CoC and the Tribunal. Legal precedents were cited to stress limited judicial review post-CoC approval. The Plan became binding, requiring implementation oversight by the Applicant, amendments to documents, and lifting of the moratorium, concluding the matter. en-us Wed, 10 Nov 2021 00:00:00 +0530 Thu, 24 Mar 2022 09:20:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301275 The Tribunal approved the Resolution Plan under Sections 30(6) and 31 of the Insolvency and Bankruptcy Code, read with Regulation 39(4) of the IBBI Regulations. Despite no Expression of Interest received within extended deadlines, modifications were made following CoC decisions. The Resolution Plan, with detailed financial proposals and stakeholder safeguards, was approved by the CoC and the Tribunal. Legal precedents were cited to stress limited judicial review post-CoC approval. The Plan became binding, requiring implementation oversight by the Applicant, amendments to documents, and lifting of the moratorium, concluding the matter. Case-Laws Insolvency and Bankruptcy Wed, 10 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301275