Cargowings Logistics NCLT Approves NRRA Assignment

NCLT Chennai allows liquidator's application to assign Non-Recoverable Residual Assets (NRRA) to financial creditors as per SCC resolution.
Application for dissolution of Corporate Debtor Cargowings Logistics Ltd. is deferred pending resolution of unpaid CIRP and liquidation fees.
SCC meeting resolution passed with 75.83% vote to assign 139 hypothecated vehicles to financial creditors after failed e-auction.
Tribunal directs liquidator to serve dissolution application on financial creditors for their response on fee payments.