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2021 (11) TMI 251 - NATIONAL COMPANY LAW TRIBUNAL , AHMEDABAD BENCHSeeking approval of Resolution Plan - Section 30(6) r.w. Section 31 of Insolvency and Bankruptcy Code, 2016 - HELD THAT:- The resolution plan complies with all the requirements of Section 30(2) of IBC, 2016. The Resolution Plan complies with all the applicable provisions. The total outstanding admitted claims of all stakeholders stand at ₹ 617,10,92,265/- and Resolution Applicant has committed payment to them at ₹ 110,88,99,779/- which amounts to 17.13% of total outstanding debt. The resolution plan also contains provisions for its effective implementation and we as Adjudicating Authority are satisfied that the resolution plan so approved can be successfully implemented. The monitoring committee and supervisory committee as mentioned in the resolution plan shall be formed for effective implementation of the resolution plan. The scheme is allowed to be approved - application allowed.
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