The National Company Law Tribunal (NCLT) approved the resolution plan under Section 30(6) of the Insolvency and Bankruptcy Code after the National Company Law Appellate Tribunal (NCLAT) upheld its compliance with the requirements of Section 30(2), including fair asset valuation and equitable treatment of creditors.
An application was filed by Mr. Jalesh Kumar Grover, Resolution Professional (RP) of Trishul Dream Homes Limited, under Section 30(6) of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 11 of the NCLT Rules, 2016 and the CIRP Regulations, seeking approval of the resolution plan submitted by Vashisth Builders and Engineers Limited and Vashisth Estates Limited (SRA), along with an addendum.
The …