The Tribunal noted that the CoC had approved the plan with a 100% majority after considering concerns regarding compliance and inter-se distribution.
The Resolution Plan for Reliance Big Private Limited, which was submitted by ACME Cleantech Solutions Private Limited, has been authorized by the National Company Law Tribunal (NCLT), Mumbai bench, which is composed of Justice V. G. Bisht (Judicial Member) and Shri Prabhat Kumar (Technical Member).
In accordance with Section 30(6) of Section 31(l) of the Insolvency and Bankruptcy Code, 2016 (“Code”) and Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons), 2016 (“IBBI Regulations”), Mr. Rohit Ramesh Mehra…
