Resolution plan post approval of CoC and meeting Section 30(2) requirement stands approved

Consortium of Shantech International Pvt Ltd. Vs Amit Poddar & Ors (NCLT Mumbai) NCLT Mumbai held that resolution plan of Unijules Life Sciences Limited [Corporate Debtor] as submitted by S.S. Fabricators & Manufacturers P. Ltd. [Successful Resolution Applicant] approved since it is duly approved by CoC and also meets requirement of Section 30(2) of the IBC. Facts- The Resolution Professional of Unijules Life Sciences Limited (“Corporate Debtor”), Mr. Amit Poddar (“Resolution Professional” / “Applicant”), has filed an Application seeking approval of Resolution Plan dated 0...