https://www.taxtmi.com/caselaws?id=459909 The NCLT Kolkata approved a resolution plan under section 30(6) of the Insolvency and Bankruptcy Code, 2016, after Committee of Creditors approval. The tribunal found the plan compliant with sections 30 and 31 of IBC and regulations 38 and 39 of IBBI regulations. Citing SC precedent in Ghanashyam Mishra case, the tribunal held that approved resolution plans freeze all claims and bind the corporate debtor, employees, creditors, government authorities, guarantors and stakeholders. The application was disposed of with plan approval. en-us Tue, 19 Dec 2023 00:00:00 +0530 Thu, 02 Jan 2025 23:38:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459909 The NCLT Kolkata approved a resolution plan under section 30(6) of the Insolvency and Bankruptcy Code, 2016, after Committee of Creditors approval. The tribunal found the plan compliant with sections 30 and 31 of IBC and regulations 38 and 39 of IBBI regulations. Citing SC precedent in Ghanashyam Mishra case, the tribunal held that approved resolution plans freeze all claims and bind the corporate debtor, employees, creditors, government authorities, guarantors and stakeholders. The application was disposed of with plan approval. Case-Laws IBC Tue, 19 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459909