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2022 (12) TMI 1434 - Tri - Insolvency and BankruptcyApproval of Resolution Plan - Section 30(6) read with Section 31(1) of the Insolvency & Bankruptcy Code, 2016 read with Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 - HELD THAT:- All requirements provided under Section 30(2) of Code and Regulation 36 to 39 of CIRP Regulations, 2016 have been complied with - It is also found that the Resolution Plan addresses the cause for default and contains measures to run the Corporate Debtor in future - it is also found Resolution plan is both feasible and viable as held by CoC and it also contains provision for its effective implementation. The approved Resolution Plan shall become effective from the date of passing of this order - the order of moratorium dated 01.09.2020 passed by this Adjudicating Authority under Section 14 of the Code shall cease to have effect from the date of this order. Application allowed.
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