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NCLT Rejects Resolution Plan Offering ₹7 Cr Against Liquidation Value of ₹9.42 Cr for Failing to Protect Dissenting Creditor Statutory Entitlement u/s 30(2)(b) IBC [Read Order]

National Company Law Tribunal (NCLT) has rejected the resolution plan where the amount of ₹7 crore is offered to the creditors in contrast to the liquidation value of ₹9.42 crore of the corporate debtor because the resolution plan has failed to safeguard the statutory rights of the dissenting secured financial creditor under Section 30(2)(b) of…