NCLT New Delhi approves resolution plan by Sawalsha Leasing for ECA Engineering, providing 15.5% recovery to creditors.
Committee of Creditors unanimously approved the plan with 100% voting share after timeline revisions.
The plan involves Rs 40.22 lakhs resolution value against Rs 2.59 crore admitted claims and Rs 33.63 lakh liquidation value.
A monitoring committee will oversee implementation with payments to creditors within 90 days of NCLT approval.