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2018 (11) TMI 249 - Tri - Insolvency and BankruptcyCorporate Insolvency Resolution Process - approval by resolution by 100% - modified Resolution Plan - Held that:- A modified Resolution Plan was filed on 17/9/2018 along with the original affidavit under section 29A of the I & B Code, 2016 of the Resolution Applicant and Form 'H'. On a screening of Form H it is understood that the Resolution Applicant has complied with the direction, and submitted the modified Resolution Plan. The modified Resolution Plan is in compliance of the provisions of the Code and Regulations which provides provisions for implementation and supervision of the Resolution Plan as well as provisions for the payment of debt to the various stakeholders and to the workmen. Clause 7 of Form 'H' dealt with the distribution of amount provided for the stakeholders under the Resolution Plan. The distribution among the stakeholders not at all under challenge from any corner and therefore, the Resolution Plan, which has been approved by vote share of 100% by the Committee of Creditors in compliance of the provisions of the Code and Regulations and confirms to all the requirements as has been specified in the I & B Code, 2016 is liable to be approved
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