NCLT approves SS Natural Resolution Plan for Ramsarup Industries, imposes costs on Promoter Director, unsuccessful applicants

Aditi Singh September 9 2019
dispossess a person, NCLT, IRP

The National Company Law Tribunal, Kolkata Bench has approved the Resolution Plan of SS Natural, a consortium of SSNRPL and Shyam SEL & Power Ltd, for Ramsarup Industries.

The Resolution Plan was approved by the Committee of Creditors (CoC) by a voting share of 74.41%.

Apart from approving the Resolution Plan, a two-member Bench of Member (judicial) Jinan KR and Member (Technical) Harish Chander Suri also imposed heavy costs on the Promoter Director of Ramsarup and the . . .

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