The Hyderabad bench of the National Company Law Tribunal (NCLT) has approved Innopark (India) Private Limited’s resolution plan for Baron Infotech Limited. Under the plan, all creditors of the listed company will recover 100% of their admitted claims of ₹2.47 crore.
The bench, comprising Rajeev Bhardwaj (Member, Judicial) and Sanjay Puri (Member, Technical), approved the plan dated April 11, 2026 through an order dated September 8. It held that the plan met the requirements of Section 30(2) of the Insolvency and Bankruptcy Code (IBC) and that Innopark was eligible under Section 29A.
The approval ends a corporate insolvency resolution process that began on May 10, 2024. The tribunal had admitted Baron Infotech into…