NCLT Delhi Approves Arena Superstructures’ Resolution Plan

Dhankalash Distributors Private Limited Vs Arena Superstructures Private Limited (NCLT Delhi) NCLT Delhi subject to the observations, approved the Resolution Plan in respect of Arena Superstructures Private Limited (Corporate Debtor) as the Resolution Plan has been approved by the CoC with 71.11% of the members voting and is in accordance with the law. Facts- The present interlocutory application was moved on 22.07.2022 by Mr. Ayyagiri Viswanadha Sarma, Resolution Professional of Arena Superstructures Private Limited, under the provisions of Sections 30(6) and 31(1)of the Insolvency & Bank...