NCLT approves Resolution Plan of S and H Gears Private Limited

Rani Agro Private Limited Vs S and H Gears Private Limited (NCLT Mumbai) 1. This is an Application filed under Section 30(6) and Section 31 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as the Code) filed by the Resolution Professional seeking approval of the Resolution Plan submitted by the Resolution Applicant, Mr. Gautam R. Gajra (Lead Member), M/s Gajra Gears Private Limited and M/s Elve Corporation (Gajra Consortium), which was approved by 77.21% voting share of the members of the Committee of Creditors (hereinafter referred to as ‘COC’). 2. The facts leading to...