City-based Bafna Pharmaceuticals today announced that Chennai bench of National Company Law Tribunal (NCLT) has approved the resolution plan submitted by the company under corporate insolvency resolution process.
In an exchange filing, the company said the Chenai bench of the tribunal, by its order dated February 1, 2019, has approved the resolution plan submitted by resolution applicant Bafna Mahaveer Chand.
The resolution plan approved by Committee of Creditors (CoC) on January 4, 2019 was submitted to the NCLT Chennai on January 17 by Resolution Professional (RP) Radhakrishnan Dharmarajan, the companys statement said.
In July 2018, NCLT admitted the creditor Aries application and initiated corporate insolvency resolution process again…
Read the full article at: https://www.thehindubusinessline.com/companies/nclt-chennai-approves-bafna-pharmaceuticals-corporate-insolvency-resolution-plan/article26186441.ece