https://www.taxtmi.com/caselaws?id=421756 The Court directed financial creditors to issue a no-objection certificate as per the Resolution Plan, instructing the Successful Resolution Applicant to implement the plan diligently within six weeks. The Court emphasized the need for proper facilitation of the Resolution Plan and instructed the Interim Monitoring Committee to supervise the implementation. Personal guarantors could be pursued for recovery, excluding properties disposed of under the Plan. The Court stressed timely actions and compliance to prevent delays or liquidation, allowing the application and providing specific directions for effective plan implementation. en-us Thu, 21 Apr 2022 00:00:00 +0530 Mon, 02 May 2022 08:41:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421756 The Court directed financial creditors to issue a no-objection certificate as per the Resolution Plan, instructing the Successful Resolution Applicant to implement the plan diligently within six weeks. The Court emphasized the need for proper facilitation of the Resolution Plan and instructed the Interim Monitoring Committee to supervise the implementation. Personal guarantors could be pursued for recovery, excluding properties disposed of under the Plan. The Court stressed timely actions and compliance to prevent delays or liquidation, allowing the application and providing specific directions for effective plan implementation. Case-Laws Insolvency and Bankruptcy Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421756