Utsav Securities vs. VA Realcon: NCLT Delhi Approves Resolution Plan

Utsav Securities Limited Vs Va Realcon Private Limited (NCLT Delhi)

Introduction: The National Company Law Tribunal (NCLT) in Delhi recently approved the resolution plan submitted by Durgesh Merchants Limited for VA Realcon. The detailed judgment discusses the application, compliance, and key aspects of the resolution process.

Detailed Analysis: The Corporate Insolvency Resolution Process (CIRP) was initiated by Utsav Securities Limited against VA Realcon. The Resolution Professional,

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