https://www.taxtmi.com/caselaws?id=304574 The Tribunal approved the Resolution Plan submitted by Parixit Irrigation Limited for Jaihind Projects Limited, as it complied with the requirements of the Insolvency and Bankruptcy Code and relevant regulations. Axis Bank, a dissenting creditor, was directed to receive at least the liquidation value for its asset. Various concessions sought by the Corporate Debtor were addressed, with the Tribunal emphasizing timely approval to save the Corporate Debtor. The CoC was directed to convene a meeting to resolve the distribution issue to Axis Bank promptly. en-us Thu, 19 Mar 2020 00:00:00 +0530 Sat, 08 Oct 2022 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304574 The Tribunal approved the Resolution Plan submitted by Parixit Irrigation Limited for Jaihind Projects Limited, as it complied with the requirements of the Insolvency and Bankruptcy Code and relevant regulations. Axis Bank, a dissenting creditor, was directed to receive at least the liquidation value for its asset. Various concessions sought by the Corporate Debtor were addressed, with the Tribunal emphasizing timely approval to save the Corporate Debtor. The CoC was directed to convene a meeting to resolve the distribution issue to Axis Bank promptly. Case-Laws Insolvency and Bankruptcy Thu, 19 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304574