https://www.taxtmi.com/caselaws?id=461485 NCLT Mumbai approved a resolution plan under Section 30(6) of IBC 2016. The plan received majority voting from Committee of Creditors as per prescribed percentage. Resolution applicant submitted required affidavit under Section 30(1) confirming eligibility under Section 29A. The plan satisfied Section 30(2) requirements and addressed all stakeholder interests. Upon approval, the plan became binding on corporate debtor and stakeholders, enabling company revival with immediate effect. Moratorium under Section 14 ceased. Resolution professional directed to submit records to IBBI and transfer to new promoters. Application disposed. en-us Tue, 16 Apr 2019 00:00:00 +0530 Wed, 09 Apr 2025 07:41:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461485 NCLT Mumbai approved a resolution plan under Section 30(6) of IBC 2016. The plan received majority voting from Committee of Creditors as per prescribed percentage. Resolution applicant submitted required affidavit under Section 30(1) confirming eligibility under Section 29A. The plan satisfied Section 30(2) requirements and addressed all stakeholder interests. Upon approval, the plan became binding on corporate debtor and stakeholders, enabling company revival with immediate effect. Moratorium under Section 14 ceased. Resolution professional directed to submit records to IBBI and transfer to new promoters. Application disposed. Case-Laws IBC Tue, 16 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461485