https://www.taxtmi.com/caselaws?id=764203 The NCLT Mumbai approved a resolution plan under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, finding it met all requirements of Section 30(2) and applicable regulations. The tribunal noted that per SC precedent in K Sashidhar v. Indian Overseas Bank, NCLT's role is limited to scrutinizing whether the CoC-approved plan meets statutory requirements. The resolution plan complied with Sections 29A and 30(2) of the Code and relevant regulations, with all non-included claims extinguished upon approval as established in Ghanshyam Mishra case. Application was allowed. en-us Fri, 06 Dec 2024 00:00:00 +0530 Mon, 06 Jan 2025 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764203 The NCLT Mumbai approved a resolution plan under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, finding it met all requirements of Section 30(2) and applicable regulations. The tribunal noted that per SC precedent in K Sashidhar v. Indian Overseas Bank, NCLT's role is limited to scrutinizing whether the CoC-approved plan meets statutory requirements. The resolution plan complied with Sections 29A and 30(2) of the Code and relevant regulations, with all non-included claims extinguished upon approval as established in Ghanshyam Mishra case. Application was allowed. Case-Laws IBC Fri, 06 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764203