Resolution plan of KGS Sugar & Infra Corporation submitted by Grainotch Industries Ltd approved

In re Pankaj Sham Joshi (NCLT Mumbai) NCLT Mumbai held that resolution plan of KGS Sugar & Infra Corporation Pvt. Ltd. as submitted by successful resolution applicant Grainotch Industries Limited meeting requirements of section 30(2) of IBC and Regulations 37, 38, 38(1A) and 39(4) of the CIRP Regulations stands approved. Facts- The Resolution Professional of KGS Sugar & Infra Corporation Private Limited (“Corporate Debtor”), Mr. Pankaj Sham Joshi (“Resolution Professional” / “Applicant”), has filed an Application bearing IA (IBC) (PLAN) No. 81/2025 in CP(IB) No. 2156/2019 s...