https://www.taxtmi.com/caselaws?id=309208 The Tribunal approved the Resolution Plan submitted by Triton Electric Vehicle LLC, finding it compliant with the Insolvency & Bankruptcy Code and feasible for the revival of the Corporate Debtor. The plan was approved by the Committee of Creditors with a 99.6% voting share. Specific reliefs and concessions were granted, including extinguishment of liabilities and encumbrances, and directions for necessary approvals. The order of moratorium ceased, and the Resolution Professional was released from duties, ensuring effective implementation of the plan. en-us Wed, 21 Dec 2022 00:00:00 +0530 Thu, 17 Aug 2023 07:45:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309208 The Tribunal approved the Resolution Plan submitted by Triton Electric Vehicle LLC, finding it compliant with the Insolvency & Bankruptcy Code and feasible for the revival of the Corporate Debtor. The plan was approved by the Committee of Creditors with a 99.6% voting share. Specific reliefs and concessions were granted, including extinguishment of liabilities and encumbrances, and directions for necessary approvals. The order of moratorium ceased, and the Resolution Professional was released from duties, ensuring effective implementation of the plan. Case-Laws Insolvency and Bankruptcy Wed, 21 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309208