GSW Enterprise Resolution Plan Approved as NCLT Upholds CoC’s Commercial Wisdom

Paramjeet Singh Bhatia Resolution Professional Vs GSW Enterprise Private Limited (NCLT Allahabad) The application was filed by the Resolution Professional under Section 30(6) of the Insolvency and Bankruptcy Code, 2016 (IBC) seeking approval of the Resolution Plan under Section 31(1) for the Corporate Debtor after the Committee of Creditors (CoC) approved the plan with 87.54% voting share in its 31st meeting held on 28–29 May 2025. The Corporate Insolvency Resolution Process (CIRP) had commenced on 3 March 2023 pursuant to admission of a Section 7 application. The Interim Resolution Professi...