https://www.taxtmi.com/caselaws?id=421944 The Tribunal approved the Resolution Plan submitted by the Resolution Professional, meeting Section 30(2) requirements and CIRP Regulations. The objection by the Operational Creditor was dismissed, affirming the Resolution Plan's approval in the Corporate Debtor's best interest. The CoC's commercial wisdom prevailed, emphasizing limited judicial intervention. The moratorium order ended, instructing the Resolution Professional to transfer records to the IBBI. The Resolution Plan took effect immediately upon approval. en-us Thu, 21 Apr 2022 00:00:00 +0530 Thu, 05 May 2022 08:34:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421944 The Tribunal approved the Resolution Plan submitted by the Resolution Professional, meeting Section 30(2) requirements and CIRP Regulations. The objection by the Operational Creditor was dismissed, affirming the Resolution Plan's approval in the Corporate Debtor's best interest. The CoC's commercial wisdom prevailed, emphasizing limited judicial intervention. The moratorium order ended, instructing the Resolution Professional to transfer records to the IBBI. The Resolution Plan took effect immediately upon approval. Case-Laws Insolvency and Bankruptcy Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421944