https://www.taxtmi.com/caselaws?id=434860 Where a proposed resolution plan has been substantially accepted and reversal would cause delay and prejudice to retail stakeholders, relief may be moulded to preserve the settlement while protecting dissenting debenture holders. The Court treated the facts as materially similar to an earlier matter, noted that fresh insistence on a voting mechanism would unsettle an advanced resolution process, and allowed the plan to proceed. It also held that dissenting debenture holders could be safeguarded by an opt-out arrangement, enabling them to stand outside the plan and pursue other remedies. en-us Fri, 03 Mar 2023 00:00:00 +0530 Sun, 05 Mar 2023 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434860 Where a proposed resolution plan has been substantially accepted and reversal would cause delay and prejudice to retail stakeholders, relief may be moulded to preserve the settlement while protecting dissenting debenture holders. The Court treated the facts as materially similar to an earlier matter, noted that fresh insistence on a voting mechanism would unsettle an advanced resolution process, and allowed the plan to proceed. It also held that dissenting debenture holders could be safeguarded by an opt-out arrangement, enabling them to stand outside the plan and pursue other remedies. Case-Laws Insolvency and Bankruptcy Fri, 03 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434860