NCLT approves Resolution Plan of Galada Power and Telecommunication Limited

In re Galada Power and Telecommunication Limited (NCLT Hyderabad) 1. The instant Application bearing IA No. 583/2021 is filed by the Resolution Professional of M/s. Galada Power and Telecommunication Limited/ for short ‘Corporate Debtor’ under Section 30(6) and 31(1) of the Insolvency & Bankruptcy Code, 2016, r/w regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking approval of the Resolution Plan submitted by M/s. Amrutha Constructions Private Limited, for short ‘Resolution Applicant’ as duly approved by the Committee of Cred...