NCLT Kolkata approves resolution plan from Kejriwal Castings Limited for Jai Venktesh Concast Pvt Ltd with 100% CoC vote share.
The plan provides a total payout of ₹18.05 crore against admitted claims of ₹62.91 crore, extinguishing all prior liabilities.
Statutory dues from Income Tax and CGST departments, though admitted, are provided only ₹1 lakh each under the approved plan.
The order grants reliefs per IBC provisions and directs financial creditors to invoke personal guarantees of erstwhile promoters.