M/s Rajputana Constructions Pvt. Ltd. filed a petition against M/s Flamingo Landbase Pvt. Ltd. under Section 9 of the IBC, 2016. The Resolution Professional submitted an application under Section 30(6) of the IBC, 2016, regarding a resolution plan that had been approved by the Committee of Creditors under Section 30(4) of the IBC. The court considered whether the resolution plan met the requirements under Section 30(2) of the IBC, which would make it binding on the Corporate Debtor and its stakeholders. The relevance of these facts lies in determining the validity and enforceability of the resolution plan under the IBC framework.

M/s Rajputana Constructions Pvt. Ltd. filed a petition against M/s Flamingo Landbase Pvt. Ltd. under Section 9 of the IBC, 2016. The Resolution Professional submitted an application under Section 30(6) of the IBC, 2016, regarding a resolution plan that had been approved by the Committee of Creditors under Section 30(4) of the IBC. The court considered whether the resolution plan met the requirements under Section 30(2) of the IBC, which would make it binding on the Corporate Debtor and its stakeholders. The relevance of these facts lies in determining the validity and enforceability of the resolution plan under the IBC framework.