https://www.taxtmi.com/caselaws?id=302621 The Final Resolution Plan under the Insolvency & Bankruptcy Code, 2016 was approved by the Tribunal after being accepted by the Committee of Creditors with a 98.97% majority. The plan included provisions for distribution of amounts to creditors, management of the Corporate Debtor, restructuring arrangements, and compliance with tax and government duties. The Tribunal clarified rights of CoC members and liabilities of existing promoters, exempted the plan from blanket stamp duty, and outlined the treatment of mine rights. The application was disposed of with the approved modifications, ensuring compliance with the relevant laws and regulations. en-us Tue, 24 Jul 2018 00:00:00 +0530 Thu, 09 Jun 2022 08:14:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302621 The Final Resolution Plan under the Insolvency & Bankruptcy Code, 2016 was approved by the Tribunal after being accepted by the Committee of Creditors with a 98.97% majority. The plan included provisions for distribution of amounts to creditors, management of the Corporate Debtor, restructuring arrangements, and compliance with tax and government duties. The Tribunal clarified rights of CoC members and liabilities of existing promoters, exempted the plan from blanket stamp duty, and outlined the treatment of mine rights. The application was disposed of with the approved modifications, ensuring compliance with the relevant laws and regulations. Case-Laws Insolvency and Bankruptcy Tue, 24 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302621