The National Company Law Tribunal (NCLT), Hyderabad Bench-I, has approved the Rs 67 crore resolution plan submitted by Delta Sourcing for Trident Sugars Limited (Corporate Debtor). The plan had received unanimous approval with 100% voting share from the Committee of Creditors (CoC).
Approved Resolution Plan Details:
- Successful Resolution Applicant (SRA): Delta Sourcing, a proprietorship firm led by Mohammed Omer, specializing in scrap management and certified disposal services.
- Total Resolution Plan Amount: ₹66,95,63,740 (including CIRP costs).
- Additional Infusion: The SRA proposes to infuse an additional ₹6,50,00,000 towards Working Capital on a need-only basis.
- Total Claims Admitted by RP: ₹150…
