The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) held that the resolution plan was not approvable due to non-compliance with provisions under section 29A(G) read with section 240 A of the Insolvency and Bankruptcy Code, 2016. Mr. Guruprasad V Hishobkar, the appellant is the Promoter / Shareholder of Shree Ashraya Infra-Con Limited…
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