https://www.taxtmi.com/caselaws?id=301605 The Tribunal approved the Resolution Plan submitted by Koncept Shelters, declaring it binding on all stakeholders. The moratorium ceased, and management control was handed over to the Resolution Applicant. The Tribunal emphasized non-interference with the COC's commercial wisdom unless arbitrary. The Corporate Debtor's plan rejection was upheld, with the approved plan deemed compliant with the I&B Code and CIRP Regulations, aiming at Corporate Debtor revival and asset value maximization while safeguarding creditors' interests. en-us Fri, 29 Jan 2021 00:00:00 +0530 Tue, 12 Apr 2022 09:12:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301605 The Tribunal approved the Resolution Plan submitted by Koncept Shelters, declaring it binding on all stakeholders. The moratorium ceased, and management control was handed over to the Resolution Applicant. The Tribunal emphasized non-interference with the COC's commercial wisdom unless arbitrary. The Corporate Debtor's plan rejection was upheld, with the approved plan deemed compliant with the I&B Code and CIRP Regulations, aiming at Corporate Debtor revival and asset value maximization while safeguarding creditors' interests. Case-Laws Companies Law Fri, 29 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301605