NCLT Approves ₹34 Cr Resolution Plan Of Ship Leasing Company With 100% CoC Assent Subject To Statutory Scrutiny

The National Company Law Tribunal approved a resolution plan worth ₹34 crore for a ship leasing company, with unanimous approval (100 %) from the Committee of Creditors (CoC). The approval is made subject to statutory scrutiny to ensure compliance with insolvency norms, feasibility, and fairness. The article discusses how the plan addresses creditors’ interests, valuation of assets, restructuring of liabilities, and adherence to IBC mandates. It also touches upon possible challenges in implementation, cross objections, and judicial oversight in the resolution process.