https://www.taxtmi.com/caselaws?id=424080 The Tribunal approved the Resolution Plan submitted under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, by Mr. Rakesh Ranjan and M/s Equilibrated Venture CFLOW Private Limited. The Committee of Creditors approved the Plan with a 76.69% voting share, complying with the provisions of the Code and CIRP Regulations. The Plan includes a financial outlay of Rs. 64.75 Crores, with total creditor payouts of Rs. 55.25 Crores. The Tribunal emphasized adherence to legal requirements and ruled in favor of the Resolution Plan, making it binding on all stakeholders, with ongoing supervision by the Resolution Professional. en-us Fri, 17 Jun 2022 00:00:00 +0530 Wed, 22 Jun 2022 08:11:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424080 The Tribunal approved the Resolution Plan submitted under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, by Mr. Rakesh Ranjan and M/s Equilibrated Venture CFLOW Private Limited. The Committee of Creditors approved the Plan with a 76.69% voting share, complying with the provisions of the Code and CIRP Regulations. The Plan includes a financial outlay of Rs. 64.75 Crores, with total creditor payouts of Rs. 55.25 Crores. The Tribunal emphasized adherence to legal requirements and ruled in favor of the Resolution Plan, making it binding on all stakeholders, with ongoing supervision by the Resolution Professional. Case-Laws Insolvency and Bankruptcy Fri, 17 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424080