| Micro Capitals Private Limited’s Resolution Plan for the Corporate Debtor has been approved and is now legally binding, concluding a dispute that began when the Adjudicating Authority initially rejected the plan on March 24, 2025. The National Company Law Appellate Tribunal (NCLAT) overturned that rejection on June 30, 2026, and the Adjudicating Authority has issued a consequential order directing implementation. The Resolution Plan involves a value of Rs 3,01,00,000, secured by a Rs 15,10,000 performance security, and clarifies that the successful resolution applicant is not liable for past non-compliances of the Corporate Debtor. The moratorium period under the Insolvency and Bankruptcy Code has ended, and a Monitoring Committee will oversee implementation, reporting quarterly to the Adjudicating Authority. |