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2020 (9) TMI 1243 - Tri - Insolvency and BankruptcyApproval of the Resolution Plan which has been approved by the Committee of Creditors by a voting share of 82.75% - Section 60(5) and Sec 30 of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- There is provision made to make payment of debt of the Operational Creditors. Mechanism is suggested for the management of the affairs of the Corporate Debtor. Mechanism is also provided for effective supervision and implementation of the plan - the resolution plan meets the requirements under section 30(2) of the Code. The Resolution Plan as approved by the CoC Under Section 30(4) of the Code, meets the requirements, as referred to under Sub-Section (2) of Section 30 of the Code - the resolution plan is approved - application allowed.
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