Resolution plan meeting requirements of section 30(2) of IBC approved: NCLT Mumbai

S. Gopalakrishnan Vs Satish Damodar Akole & Anr. (NCLT Mumbai) NCLT Mumbai held that resolution plan of Saturn Rings and Forgings Private Limited submitted by S. Gopalkrishnan meeting the requirements of Section 30(2) of the Insolvency and Bankruptcy Code (IBC) and Regulations 37, 38, 38 (1A) and 39 (4) of the Regulations is approved. Facts- The Resolution Professional of Saturn Rings and Forgings Private Limited (“Corporate Debtor”), S. Gopalkrishnan, has filed an Application bearing seeking approval of Resolution Plan in terms of Sec. 31 of the Insolvency and Bankruptcy Code, 2016 (�...