https://www.taxtmi.com/caselaws?id=463187 The NCLT Ahmedabad approved the resolution plan under Sections 30(6) and 31 of the IBC, 2016, for the corporate debtor. All past claims were extinguished upon approval. However, the successful resolution applicant must approach relevant statutory authorities to secure licenses, leases, and other concessions, which will be considered according to established procedures. The tribunal confirmed that the resolution plan included provisions for effective implementation, satisfying the requirements under the proviso to Section 31. The application for approval of the resolution plan was allowed. en-us Fri, 23 Dec 2022 00:00:00 +0530 Wed, 13 Aug 2025 06:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463187 The NCLT Ahmedabad approved the resolution plan under Sections 30(6) and 31 of the IBC, 2016, for the corporate debtor. All past claims were extinguished upon approval. However, the successful resolution applicant must approach relevant statutory authorities to secure licenses, leases, and other concessions, which will be considered according to established procedures. The tribunal confirmed that the resolution plan included provisions for effective implementation, satisfying the requirements under the proviso to Section 31. The application for approval of the resolution plan was allowed. Case-Laws IBC Fri, 23 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463187