https://www.taxtmi.com/caselaws?id=464826 NCLT, Ahmedabad - Tribunal approved the resolution plan under s.30(6) IBC, allowing the successful resolution applicant to implement a composite scheme including demerger and amalgamation of the corporate debtor's divisions. The plan, to be implemented within 60-90 days of approval, was held not to contravene law and to equitably address stakeholders' interests despite being submitted within 330 days of CIRP commencement. The applicant will not inherit pre-CIRP claims against the corporate debtor; existing permits, licenses and statutory rights remain with the corporate debtor and require separate regularization with relevant authorities. en-us Tue, 20 Sep 2022 00:00:00 +0530 Mon, 17 Nov 2025 11:42:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464826 NCLT, Ahmedabad - Tribunal approved the resolution plan under s.30(6) IBC, allowing the successful resolution applicant to implement a composite scheme including demerger and amalgamation of the corporate debtor's divisions. The plan, to be implemented within 60-90 days of approval, was held not to contravene law and to equitably address stakeholders' interests despite being submitted within 330 days of CIRP commencement. The applicant will not inherit pre-CIRP claims against the corporate debtor; existing permits, licenses and statutory rights remain with the corporate debtor and require separate regularization with relevant authorities. Case-Laws IBC Tue, 20 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464826