https://www.taxtmi.com/caselaws?id=301784 The Resolution Plan for Panacealife Healthzone Private Limited was approved under sections 30 and 31 of the Insolvency and Bankruptcy Code, 2016, with 100% approval from the Committee of Creditors. The plan included payment schedules for creditors, adherence to regulatory requirements, management restructuring, and financial proposals exceeding the average liquidation value. The Tribunal granted certain waivers and reliefs while ensuring compliance with applicable laws. The Resolution Plan was found compliant, binding on stakeholders, leading to the cessation of the moratorium and discharge of the Resolution Professional, with the Resolution Applicant directed to fulfill statutory obligations within one year. Case closed. en-us Tue, 14 Dec 2021 00:00:00 +0530 Tue, 19 Apr 2022 21:06:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301784 The Resolution Plan for Panacealife Healthzone Private Limited was approved under sections 30 and 31 of the Insolvency and Bankruptcy Code, 2016, with 100% approval from the Committee of Creditors. The plan included payment schedules for creditors, adherence to regulatory requirements, management restructuring, and financial proposals exceeding the average liquidation value. The Tribunal granted certain waivers and reliefs while ensuring compliance with applicable laws. The Resolution Plan was found compliant, binding on stakeholders, leading to the cessation of the moratorium and discharge of the Resolution Professional, with the Resolution Applicant directed to fulfill statutory obligations within one year. Case closed. Case-Laws Insolvency and Bankruptcy Tue, 14 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301784