The application by the RP for approval of the resolution plan of TATA Steel is accepted;
The reliefs and concessions sought in the Plan will be as per the directions contained in the main body of the order which is not uploaded yet. It is clarified that tribunal is not expressing any opinion on the reliefs and concessions.
Monitoring agency to file appropriate applications before public/government authorities as per applicable law to seek the rest of reliefs and concessions
L&T’s application is dismissed with 1 lac costs to be paid to the corporate debtor.
Bhushan employees application is dismissed with costs of 1 lac to be paid by Rahul Sengupta to the corporate debtor.
Bhushan employees application dismissed as unsustainable.