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2019 (7) TMI 1984 - NATIONAL COMPANY LAW TRIBUNAL MUMBAIImplementation of Resolution Plan - revival of Corporate Debtor - incentives granted to the Corporate Debtor under the Package Schemes of Incentives, 2007 - HELD THAT:- It is noted that major value of the Corporate Debtor lies in the licenses and incentives granted to it by various Government Authorities under incentive schemes or otherwise. The purpose of the Insolvency and Bankruptcy Code, 2016 is a revival of the Corporate Debtor and maximisation of value of assets of the Corporate Debtor. If the reliefs sought in the successful resolution plan are not granted, then the plan would be rendered unviable that would ultimately result in the liquidation of the Corporate Debtor. The information provided by the Resolution Applicant satisfies about its capability to implement the Resolution Plan and the information sought in paragraph 76 and 78 of our order dated 03.07.2019 is held as duly provided by the Resolution Applicant vide its Additional Affidavit - the Successful Resolution Applicant directed to file its acceptance report accepting the modification in the Resolution Plan made by this Tribunal by 12.07.2019. The Resolution Plan submitted by the Resolution Professional of the Corporate Debtor for approval of this Tribunal under section 31 of the Insolvency and Bankruptcy Code, 2016 is approved.
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