NCLT approves Resolution Plan of Farmax India Limited

Vasthi Trading Pvt Ltd Vs Farmax India Ltd (NCLT Hyderabad) 1. The instant Application bearing IA No. 515/2023 is filed by the Resolution Professional of M/s. Farmax India Limited under Section 30(6) and 31(1) of the Insolvency & Bankruptcy Code, 2016, r/w regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking approval of the Resolution Plan submitted by Mr. Reddy Srinivasa Reddy (“RSR/ ‘Resolution Applicant’) as duly approved by the Committee of Creditors with 100% voting share. 2. To put precisely, this Tribunal vide order date...