https://www.taxtmi.com/caselaws?id=303954 The Tribunal approved the Resolution Plan under Section 31 of the Insolvency and Bankruptcy Code, 2016, as it met all statutory requirements and received overwhelming support from the Committee of Creditors. The plan was deemed advantageous to stakeholders, promoting asset maximization and ensuring the corporate debtor's continued operation. The moratorium order ceased, and the Resolution Professional was directed to forward records to the Insolvency and Bankruptcy Board of India. Application IA. 324/2022 was allowed, while IA. 572/2022 was dismissed. en-us Mon, 30 May 2022 00:00:00 +0530 Sat, 27 Aug 2022 08:15:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303954 The Tribunal approved the Resolution Plan under Section 31 of the Insolvency and Bankruptcy Code, 2016, as it met all statutory requirements and received overwhelming support from the Committee of Creditors. The plan was deemed advantageous to stakeholders, promoting asset maximization and ensuring the corporate debtor's continued operation. The moratorium order ceased, and the Resolution Professional was directed to forward records to the Insolvency and Bankruptcy Board of India. Application IA. 324/2022 was allowed, while IA. 572/2022 was dismissed. Case-Laws Insolvency and Bankruptcy Mon, 30 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303954