NCLT Indore allows modification to CMM Infraprojects' approved resolution plan to adjust for increased public shareholding from 1M to 1.55M shares.
The tribunal permits applying the same 0.016 conversion ratio to new share count, resulting in 7.5% public holding versus originally planned 5%.
Successful Resolution Applicants have infused ₹17.07 crore and completed all stakeholder payments; implementation timeline extended by 3 months.
Order clarifies that secondary market share transfers during CIRP were permissible and didn't violate moratorium under IBC.