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2021 (11) TMI 786 - Tri - Insolvency and BankruptcySeeking approval of the Resolution Plan - Section 30(6) of the Insolvency & Bankruptcy Code, 2016 - HELD THAT:- All the requirements of Section 30 (2) are fulfilled. In respect of compliances regarding CIRP Regulations especially Regulations 38 and 39, the Resolution Professional has certified in Form-H and explained in details that the Resolution Plan has complied with all the required Regulations. There is no impediment in giving approval to the Resolution Plan. Accordingly, the Resolution Plan is approved, which was earlier approved by the CoC by the majority vote of 99.09% - It is clarified that Section 30 (2) (f) of the Code mandates that the Resolution Plan should not be against any provisions of the existing law. The Resolution applicant therefore, shall adhere to all the applicable laws for the time being in force under the proposed Resolution Plan, whether or not specifically provided therein. Application allowed.
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