Resolution plan submitted by Geetanjali Sugar for Lokshakti Sugar is approved

Charudutt Marathe Vs Geetanjali Sugar Private Limited (NCLT Mumbai) NCLT Mumbai held that resolution plan of Lokshakti Sugar & Allied Industries Ltd. [Corporate Debtor] as submitted by Geetanjali Sugar Private Limited meeting requirements of section 30(2) of the IBC stands approved. Facts- The instant application was filed on 25.09.2024 by Mr. Charudutt Marathe, the Resolution Professional (RP) of Lokshakti Sugar & Allied Industries Ltd (Corporate Debtor), under Section 30(6) of the Insolvency and Bankruptcy Code, 2016 (Code) seeking approval of the Resolution Plan submitted by ‘Geet...