https://www.taxtmi.com/caselaws?id=426524 The Tribunal approved the resolution plan submitted by Padam Shree Fabric for M/s Mataji Dyeing Mills Pvt. Ltd. under Sections 30 and 31 of the Insolvency & Bankruptcy Code, 2016. The plan was unanimously approved by the Committee of Creditors with 100% voting. The plan provided for payments to stakeholders exceeding the liquidation value, and the resolution applicant was granted reliefs including extinguishment of liabilities. The Tribunal ordered the plan to be effective immediately, released the Resolution Professional from duties, and mandated the constitution of a monitoring committee for plan implementation. en-us Fri, 05 Aug 2022 00:00:00 +0530 Sat, 20 Aug 2022 08:24:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426524 The Tribunal approved the resolution plan submitted by Padam Shree Fabric for M/s Mataji Dyeing Mills Pvt. Ltd. under Sections 30 and 31 of the Insolvency & Bankruptcy Code, 2016. The plan was unanimously approved by the Committee of Creditors with 100% voting. The plan provided for payments to stakeholders exceeding the liquidation value, and the resolution applicant was granted reliefs including extinguishment of liabilities. The Tribunal ordered the plan to be effective immediately, released the Resolution Professional from duties, and mandated the constitution of a monitoring committee for plan implementation. Case-Laws Insolvency and Bankruptcy Fri, 05 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426524