Prioritize COC Commercial Wisdom in Resolution Plan Approval: NCLT Mumbai

Rohit Motilal Agarwal Vs Cyperus Multitrade Private Limited (NCLT Mumbai) In the case of Rohit Motilal Agarwal Vs Cyperus Multitrade Private Limited, the Resolution Professional filed an application seeking approval of the Resolution Plan submitted by M/s. Rishab Enterprises, which was approved by the Committee of Creditors (CoC) with 100% voting. The Resolution Plan involved the wholesale and trading business of electronic items, aiming for business expansion using the available resources of the Corporate Debtor. The plan included provisions for infusing capital, cancellation of existing equi...