Resolution plan of Nav Jyoti Agro Foods Pvt. Ltd. approved: NCLT Chandigarh

Suresh Kumar Rakesh Kumar Vs Nav Jyoti Agro Foods Private Limited (NCLT Chandigarh) NCLT Chandigarh held that since resolution plan in respect of Nav Jyoti Agro Foods Private Limited meets requirement of section 30(2) of the Insolvency and Bankruptcy Code, 2016 the same stands approved as filed by the resolution professional. Facts- The present application has been filed by Mr. Mahesh Chandra Purohit, Resolution Professional under Sections 30(6) and 31(1) of the Insolvency and Bankruptcy Code, 2016, read with Regulation 39 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution ...