Resolution plan approved by CoC meets requirements of section 30(2) stands approved: NCLT Hyderabad

IDBI Bank Limited Vs Sindhanur Gangavathi Tollways Pvt Ltd (NCLT Hyderabad) NCLT Hyderabad approved the resolution plan submitted by Resolution Professional of M/s. Sindhanur Gangavathi Tollway Private Limited (Corporate Debtor) as the resolution plan as approved by CoC meets the requirements specified in Section 30(2) of the Code. Facts- The instant Application is filed on behalf of the Resolution Professional of M/s. Sindhanur Gangavathi Tollway Private Limited/Corporate Debtor u/s. 30(6) and 31(1) of the Insolvency & Bankruptcy Code, 2016, r/w regulation 39(4) of the IBBI (Insolvency Re...