https://www.taxtmi.com/article/detailed?id=11679 Section 31 mandates approval of a resolution plan by the adjudicating authority where the committee of creditors' approved plan satisfies statutory requirements and provides for effective implementation, rendering the plan binding on the corporate debtor and stakeholders; Section 60 vests jurisdiction in the National Company Law Tribunal over corporate insolvency and related claims and excludes moratorium periods from limitation computations. Judicial guidance reinforces that an adjudicating order cannot modify an approved resolution plan: the approved plan may grant perpetual exclusive use rights to the successful resolution applicant but does not effect post-approval transfer of ownership, and any adjudicatory declaration altering those allocations constitutes an impermissible modification. en-us Tue, 01 Aug 2023 10:59:23 +0530 Tue, 01 Aug 2023 10:59:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11679 Section 31 mandates approval of a resolution plan by the adjudicating authority where the committee of creditors' approved plan satisfies statutory requirements and provides for effective implementation, rendering the plan binding on the corporate debtor and stakeholders; Section 60 vests jurisdiction in the National Company Law Tribunal over corporate insolvency and related claims and excludes moratorium periods from limitation computations. Judicial guidance reinforces that an adjudicating order cannot modify an approved resolution plan: the approved plan may grant perpetual exclusive use rights to the successful resolution applicant but does not effect post-approval transfer of ownership, and any adjudicatory declaration altering those allocations constitutes an impermissible modification. Articles Goods and Services Tax - GST Tue, 01 Aug 2023 10:59:23 +0530 https://www.taxtmi.com/article/detailed?id=11679