NCLT Principal Bench sanctions a ₹8 crore compromise scheme for Hi-Point Investment & Finance, proposed by Indo Jatalia Holdings Ltd.
The scheme, approved by 100% of creditors, involves a ₹2.5 crore infusion to acquire equity and settle costs.
All financial creditors, with admitted claims of ₹751.12 crore, will receive a reduced payout as part of the arrangement.
The order directs the liquidator to implement the scheme and file necessary reports with regulatory authorities.