https://www.taxtmi.com/caselaws?id=428730 The National Company Law Tribunal (NCLT) approved the Resolution Plan submitted by the Viraki Consortium for Himadri Foods Limited under Section 30(6) of the Insolvency and Bankruptcy Code, 2016. The plan was compliant with statutory requirements, financial details included a proposed outlay of Rs. 35.61 Crores, and distribution of funds to various stakeholders within specified timelines. The plan was deemed superior to the liquidation value of the corporate debtor's assets. The approval made the plan binding on all stakeholders, ended the moratorium under Section 14 of the Code, and established a Monitoring Committee for oversight. en-us Fri, 07 Oct 2022 00:00:00 +0530 Mon, 10 Oct 2022 10:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428730 The National Company Law Tribunal (NCLT) approved the Resolution Plan submitted by the Viraki Consortium for Himadri Foods Limited under Section 30(6) of the Insolvency and Bankruptcy Code, 2016. The plan was compliant with statutory requirements, financial details included a proposed outlay of Rs. 35.61 Crores, and distribution of funds to various stakeholders within specified timelines. The plan was deemed superior to the liquidation value of the corporate debtor's assets. The approval made the plan binding on all stakeholders, ended the moratorium under Section 14 of the Code, and established a Monitoring Committee for oversight. Case-Laws Insolvency and Bankruptcy Fri, 07 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428730