Gogia Leasing vs JBO Globeworld: NCLT Delhi Approves Resolution Plan

Gogia Leasing Limited Vs JBO Globeworld LLP (NCLT Delhi)

Introduction: The National Company Law Tribunal (NCLT) Delhi recently approved the resolution plan submitted by Mr. Hemant Jindal for JBO Globeworld LLP. The application, filed under the Insolvency & Bankruptcy Code, sought approval for the plan that secured unanimous support from the Committee of Creditors (CoC).

Detailed Analysis:

1. Initiation of Corporate Insolvency Resolution Process (CIRP):

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