https://www.taxtmi.com/caselaws?id=424744 The Resolution Plan for Sri Balaji Forest Products Private Limited was approved under Sections 30 and 31 of the Insolvency and Bankruptcy Code, 2016, with a 93.46% voting share from the Committee of Creditors. The plan complied with CIRP Regulations and IBC provisions, addressing objections raised by stakeholders and granting reliefs to the Successful Resolution Applicant. The plan was found viable and feasible for the revival of the Corporate Debtor, leading to its approval and termination of the moratorium. The Resolution Professional was discharged, and the Resolution Applicant was authorized to commence operations under the plan. en-us Mon, 04 Jul 2022 00:00:00 +0530 Thu, 07 Jul 2022 21:21:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424744 The Resolution Plan for Sri Balaji Forest Products Private Limited was approved under Sections 30 and 31 of the Insolvency and Bankruptcy Code, 2016, with a 93.46% voting share from the Committee of Creditors. The plan complied with CIRP Regulations and IBC provisions, addressing objections raised by stakeholders and granting reliefs to the Successful Resolution Applicant. The plan was found viable and feasible for the revival of the Corporate Debtor, leading to its approval and termination of the moratorium. The Resolution Professional was discharged, and the Resolution Applicant was authorized to commence operations under the plan. Case-Laws Insolvency and Bankruptcy Mon, 04 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424744