https://www.taxtmi.com/caselaws?id=302262 A resolution plan under the Insolvency and Bankruptcy Code was examined for compliance with section 30(2) and the plan-approval framework. The plan provided for insolvency resolution costs, payment to operational creditors, post-approval management of the corporate debtor, and implementation and supervision mechanisms. Compliance was supported by the resolution applicant's affidavit on section 29A disqualification and the Form H certificate confirming legal conformity. On that basis, the plan was accepted as meeting the statutory requirements for approval under section 31(1), making it binding on the corporate debtor and stakeholders and bringing the insolvency process to a close. en-us Thu, 11 Oct 2018 00:00:00 +0530 Thu, 12 May 2022 18:37:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302262 A resolution plan under the Insolvency and Bankruptcy Code was examined for compliance with section 30(2) and the plan-approval framework. The plan provided for insolvency resolution costs, payment to operational creditors, post-approval management of the corporate debtor, and implementation and supervision mechanisms. Compliance was supported by the resolution applicant's affidavit on section 29A disqualification and the Form H certificate confirming legal conformity. On that basis, the plan was accepted as meeting the statutory requirements for approval under section 31(1), making it binding on the corporate debtor and stakeholders and bringing the insolvency process to a close. Case-Laws Insolvency and Bankruptcy Thu, 11 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302262