NCLT Chandigarh approves resolution plan by Narendra Kumar Srivastava for Jaryal Motor Finance Company Limited under IBC.
Plan provides ₹15 lakh total payout: ₹10 lakh for CIRP costs and ₹5 lakh (2.54%) to financial creditors against admitted claims of ₹5.87 crore.
Successful Resolution Applicant to acquire 100% stake, extinguish existing shares, and appoint new board within 60 days.
Corporate Debtor's RBI license was cancelled for accepting public deposits illegally; SRA undertakes to obtain fresh approvals.